On February 1, 2021, Sanford & Son issued 12% bonds dated February 1, 2021, with a face amount of $120,000. The bonds sold for $140,591 and mature in 20 years. The effective interest rate for these bonds was 10%. Interest is paid semiannually on July 31 and January 31. Sanford & Son's fiscal year is the calendar year. Required: 1. Prepare the journal entry to record the bond issuance on February 1, 2021. 2. Prepare the entry to record interest on July 31, 2021, using the straight-line method. 3. Prepare the necessary journal entry on December 31, 2021. 4. Prepare the necessary journal entry on January 31, 2022. Required 1 Required 2 Required 3 Required 4 Prepare the journal entry to record the bond issuance on February 1, 2021. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet > 1 Record the bond issuance on February 1, 2021. Note: Enter debits before credits. Date February 01, 2021 General Journal Debit Credit W Required 1 Required 2 Required 3 Required 4 Prepare the entry to record interest on July 31, 2021, using the straight-line method. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round final answers to the nearest whole dollar.) View transaction list Journal entry worksheet < 1 Record interest on July 31, 2021, using the straight-line method. Note: Enter debits before credits. Date July 31, 2021 13 General Journal Debit Credit > Required 1 Required 2 Required 3 Required 4 Prepare the necessary journal entry on December 31, 2021. (If no entry is required for a transaction/event, select "No journal entr required" in the first account field. Round final answers to the nearest whole dollar.) View transaction list Journal entry worksheet < 1 Record the necessary entry on December 31, 2021. Note: Enter debits before credits. Date December 31, 2021 General Journal Debit Credit > Required 1 Required 2 Required 3 Required 4 Prepare the necessary journal entry on January 31, 2022. (If no entry is required for a transaction/event, select "No journal ent required" in the first account field. Round final answers to the nearest whole dollar.) View transaction list Journal entry worksheet < 1 Record the necessary entry on January 31, 2022. Note: Enter debits before credits. Date January 31, 2022 General Journal Debit Credit >