On January 1, Year 1, a company issues $550,000 of 5% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year, Assuming the market interest rate on the issue date is 6%, the bonds will issue at $496,101. xercise 9-11B Part 2 Record the bond issue on January 1, Year 1, and the first two semiannual interest payments on June 30, Year 1, and December 31, Fear 1. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round Four final answers to the nearest whole dollar.) View transaction list Journal entry worksheet Record the bond issue. Note: Enter debits before credits Debit Credit General Journal Date January 01 Journal entry worksheet Record the first semiannual interest payment. Note: Enter debits before credits. General Jo nal + Debit Credit Date June 30 Record entry Clear entry View general Journal Required information View transaction list Journal entry worksheet