following information applies to the questions displayed below.] On January 1, Year 1, a company issues $400,000 of 5% bonds, due in 15 years, with interest payable annually on December 31 each year. of 2 Assuming the market interest rate on the issue date is 6%, the bonds will issue at $361,153. Ook int ences Exercise 9-14B Part 2 2. Record the bond issue on January 1, Year 1, and the first two interest payments on December 31, Year 1, and December 31, Year 2. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your final answers to the nearest whole dollar.) View transaction list Journal entry worksheet 2 3 Record the bond issue. Note: Enter debits before credits. Date January 01 Cash General Journal Debit Credit 361,153 Discount on Bonds Payable 21,669 Bonds Payable 400,000