On January 1, 2021, Twister Enterprises, a manufacturer of a variety of transportable spin rides, issues $400,000 of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. 3. If the market interest rate is 5%, the bonds will issue at $450,206. 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. Round your answers to the nearest dollar amount.) Record the first semiannual interest payment. Record the second semiannual interest payment. 2 June 30, 2021 11,255 Interest Expense Premium on Bonds Payable Cash 3 December 31, 2021 Interest Expense Premium on Bonds Payable Interest Payable