On January 1, Year 1, a company issues $440,000 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 $440,000. Record the bond issue on January 1, Year 1, and the first two semiannual interest payments 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.) Answer is not complete. No Date General Journal Debit Credit 1 January 01 Cash 440,000 Bonds Payable 440,000 2 June 30 22,000 X Interest Expense Bonds Payable Cash X 440,000 X 3 December 31 92,400 X Interest Expense Bonds Payable Cash x X