On January 1, 2021, White Water Issues $400,000 of 5% bonds, due in 15 years, with interest payable annually on December 31 each year Required: Assuming the market Interest rate on the issue date is 5%, the bonds will issue at $400,000 Record the bond issue on January 1 2021, and the first two interest payments on December 31, 2021, and December 31, 2022. (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction et Required: Assuming the market interest rate on the issue date is 5%, the bonds will issue at $400,000. Record the bond issue on January 1, 2021, and the first two interest payments on December 31, 2021, and December 31, 2022. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction llat View journal entry worksheet Debit Credit Record the issuance of the bond. 2 Record the first annual interest payment. Record the second annual interest payment