MI-T-M Corporation is a leading designer and manufacturer of high quality Industrial equipment. Mi-T- M Corporation issues $430,000 of 6% bonds on January 1, 2021 to finance operations. The bonds are due in 20 years. Interest is paid semiannually on June 30 and December 31. Required: 1. If the market Interest rate is 6%, the bonds will issue at $430,000. Record the bond issue on January 1, 2021, and the first two semiannual Interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" In the first account field.) View transaction list Journal entry worksheet Record the bond issue. Note: Enter debits before credits. Date January 01, 2021 General Journal Debit Credit Record entry Clear entry View general journal MI-T-M Corporation is a leading designer and manufacturer of high quality Industrial equipment. MI-T- M Corporation issues $430,000 of 6% bonds on January 1, 2021 to finance operations. The bonds are due in 20 years. Interest is paid semiannually on June 30 and December 31. Required: 1. If the market Interest rate is 6%, the bonds will issue at $430,000. Record the bond issue on January 1, 2021, and the first two semiannual Interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" In the first account field.) View transaction list Journal entry worksheet