On January 1, 2021, White Water issues $530,000 of 6% bonds, due in 20 years, with interest payable annually on December 31 each year Required: Assuming the market interest rate on the issue date is 6%, the bonds will issue a $530,000. Record the bond issue on January 1, 2021 and the first two interest payments on December 31, 2021. and December 31, 2022. Of 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 1 2 3 Record the issuance of the bond. Note: Enter debits before credits Date General Journal Debit Credit January 01, 2021 ansaction/event, select "No Journal entry Required in the first account field.) View transaction list Journal entry worksheet Record the first annual interest payment. Note: Enter debits before credits. General Journal Debit Credit Date December 31, 2021 Record entry Clear entry View general journal