E9-10 On January 1, 2021, White Water issues $600,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Required: Assuming the market interest rate on the issue date is 7%, the bonds will issue at $600,000. ecord the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021