On January 1, 2021, Splash City Issues $360,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Required: Assuming the market interest rate on the issue date is 7%, the bonds will issue at $360,000. 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 Debit Credit 1 Date General Journal January 01, 2021 Cash Discount on Bonds Payable Bonds Payablo 335,539 24.461 360,000 . 2. June 30, 2021 13422 Interest Expense Discount on Bonds Payable Cash 822 12,600 3 December 31 2021 13.454 Interest Expense Discount on Bonds Payable Cash 854 12,600