On January 1, 2021, Water Mania issues $1,000,000 of 6% bonds, due in ten years, with interest payable semi-annually on June 30 and December 31 each year. Required: 1. If the market interest rate is 6%, the bonds will issue at $1,000,000. Record the bond issue on January 1, 2021, and the first two semi-annual interest payments on June 30, 2021, and December 31, 2021. 2. If the market interest rate is 7%, the bonds will issue at $928,938. Record the bond issue on January 1, 2021, and the first two semi-annual interest payments on June 30, 2021, and December 31, 2021. 3. If the market interest rate is 5% the bonds will issue at $1077,946. Record the bond issue on January 1, 2021, and the first two semi-annual interest payments on June 30, 2021, and December 31, 2021. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 If the market interest rate is 6%, the bonds will issue at $1,000,000. Record the bond issue on January 1, 2021, and the first two semi- annual 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. On July 8, Compusoft receives $350,000 from a customer toward a cash sale of $1.10 million for customized computer equipment to be completed on August 1. The remaining $750,000 payment is received upon delivery of the product on August 1. The equipment had a total production cost of $690,000. What journal entries should Compusoft record on July 8 and August 1? Assume Compusoft uses the perpetual inventor system. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in dollars, not in millions.) View transaction list Journal entry worksheet 1 2 3 > Record the cash received in advance for computer equipment. Note: Enter debits before credits. Date Jul 08 General Journal Debit Credit Record entry Clear entry View general Journal