On January 1, 2021, Splash City issues $300,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 December 31 each year. Required: Assuming the market interest rate on the issue date is 7%, the bonds will issue at $300,000. 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 View journal entry worksheet No 1 Date January 01, 2021 General Joumal Debit Credit Cash Discount on Bonds Payable Bonds Payable 300,000 2 June 30, 2021 interest Expense Discount on Bonds Payable Cash December 31, 3 2021 Interest Expense Discount on Bonds Payable Cash