Pretromania, Inc., issues 5%, 20-year bonds with a face amount of $56.000 for $49.577 on January 1 2015. The market interest rate for bonds of similar risk and maturity is 6%. Interest is paid annually on December 31. 1. & 2. Record the bond issue and first interest payment on December 31, 2015. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet