On January 1, 2021, Darnell Window and Pane issued $19.2 million of 10-year, zero-coupon bonds for $6,761,942. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 2. Determine the effective rate of interest. 1. & 3. to 5. Prepare the necessary journal entries. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Interest rate General Journal Prepare the necessary journal entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your intermedaite calculations and final answers to nearest whole dollar.) General Journal No Date 1 January 01, 2021 Cash Discount on bonds payable Bonds payable Debit 6,761,942 Credit 492,733 19,200,000 2 December 31, 202 Interest expense 768,872 x Discount on bonds payable 768,872 3 December 31, 202 Interest expense 861,137 x Discount on bonds payable 861,137