On January 1, 2022, Splash City issues $450,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Required: Assuming the market interest rate on the issue date is 7%, the bonds will issue at $450,000. Record the bond issue on January 1, 2022, and the first two semiannual interest payments on June 30, 2022, and December 31, 2022. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) No Date General Journal 1 January 01, 2022 Cash Discount on Bonds Payable Bonds Payable Debit 419,423 X Credit 30,577 450,000 2 June 30, 2022 Interest Expense 16,777 X Discount on Bonds Payable Cash 1,027 X 15,750 3 December 31, 202 Interest Expense Discount on Bonds Payable Cash 16,818 X 1,068 x 15,750 *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted.