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. Assuming the market interest rate on the issue date is 7%, the bonds will issue at $473,852. 2. 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. Round your final answers to the nearest whole dollar.) View transaction list View Journal entry workshoot Debit Credit No 1 Date General Journal January 01, 2021 Cash Discount on Bonds Payable Bonds Payable N December 31, 2021 Interest Expense Discount on Bonds Payable Cash 3 December 31. 2022 Interest Expense Discount on Bonds Payablo Cash