On January 1, 2021, Splash City issues $430,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Required: Assuming the market interest rate on the issue date is 8%, 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. View transaction list Journal entry worksheet Record the bond issue. Note: Enter debits before credits. Date General Journal Debit Credit January 01, 2021 Cash Bonds Payable Premium on Bonds Payable Record entry Clear entry View general journal Journal entry worksheet Record the first semiannual interest payment. Note: Enter debits before credits. General Journal Debit Credit Date June 30, 2021 Interest Expense Premium on Bonds Payable Cash Record entry Clear entry View general journal Journal entry worksheet Record the second semiannual interest payment. Note: Enter debits before credits. Debit Credit Date General Journal December 31, 2021 Interest Expense Premium on Bonds Payable Cash Record entry Clear entry View general journal