On January 1, 2021, Splash City issues $500,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Required: Assuming the market interest rate on the issue date is 9%, the bonds will issue at $500,000. 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.) Answer is not complete. General Journal No Credit Debit 500,000 1 Dato January 01, 2021 Cash Bonds Payable 500,000 2 June 30, 2021 Interest Expense 22,500 22.500 3 22.500 December 31, 202 Interest Expense Cash 22,500