On January 1, 2021, Splash City issues $450,000 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 $450,000. Record the bond issue on January 1, 2021 and the first two semiannual interest payments on June 30, 2021, and December 31, 2021 f no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Check my work Journal entry worksheet Record the bond issue Note Enter det sefore credits Date January 01, 2021 General Journal Debit Credit 4 Record entry Clear entry View general journal Prev 1 of 8 Next >