On January 1, Year 1, a company issues $410,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year: Assuming the market interest rate on the issue date is 7%, the bonds will issue at $410,000. Record the bond issue on January 1 , Year 1 , Required: and the first two semiannual interest poyments on June 30, Year 1 , and December 31 , Year 1 . If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 3 Record the bond issue. Note Enter debits before credits Journal entry worksheet Record the first semiannual interest payment. Note: Enter debits before credits. Journal entry worksheet Record the second semiannual interest payment. Note: Enter debits before credits