please answer

Bonds with Anmual Interest Payments Kiwi Corporation issued at par $420,000,8% bonds on January 1,2024 . Interest is paid annually on December 31 . The principal and the final interest payment are due on December 31,2025. Required: 1. Prepare the entry to recognize the issuance of the bonds. If an amount box does not require an entry, leave it blank. 2024lan.1 Record issuance of bonds at par. Feelback F Creck My wn 1. When bonds are iswed, any premium or discount is recorded in a separate valuation account. 2. Prepare the journal entry for December 31, 2024. If an amount box does not require an entry, leave it blank: 2024DeC,31 Record interest expense Feectus * Cheok My work 2. When calculating interest, consider the principal, the annual interest rate and the time period