dy Netflix D (1) YouTube University of Nebra... O CANVAS DASHBOA n MayLINK New Tab 9 SIC INTERACTIVE Check my work mode: This shows what is correct or Incorrect for the work you have completed so far. It does not indicate completo Pretzelmania, Inc., issues 5%, 20-year bonds with a face amount of $50,000 for $44.265 on January 1, 2018. The market interest rate for bonds of similar risk and maturity is 6%. Interest is paid annually on December 31. 1. & 2. Record the bond issue and first interest payment on December 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required" In the first account field.) Answer is not complete. Credit Debit 44,285 General Journal January 01, 2018 Cash Discount on Bonds Payable Bonds payable 5.735 X 50,000 1.824 December 31, 201 Interest expense Discount on Bonds Payable Cash 1,250 X