On January 1, 2021. White Water issues $600,000 of 7% bonds, due in 10 years, with interest payable annually on December 31 each year. Assuming the market interest rate on the issue date is 6%, the bonds will issue at $644,161. 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) Answer is not complete. No General Journal Credit Debit 644,161 1 Dato January 01, 2021 Cash Bonds Payable > 600,000 2 December 31, 202 Interest Expense 38,650 Cash 42,000 3 38,449 December 31, 202 Interest Expense Cash X 42,000 3