Pretzelmania, Inc., issues 5%, 20-year bonds with a face amount of $56,000 for $49,528 on January 1, 2021 The market interest rate for bonds of similar risk and maturity is 6%. Interest is paid semiannually on June 30 and December 31. Required: 1. & 2. Record the bond issue and first interest payment on June 30, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your intermediate computations and final answers to the nearest whole dollar amount.) View transaction list View journal entry worksheet No Credit 1 Date General Journal January 01, 2021 Cash Discount on Bonds Payable Bonds Payablo Debit 49,528 0,472 56,000 2 June 30, 2021 Interest Expense Discount on Bonds Payable Cash Journal entry worksheet Record the first interest payment on June 30, 2021. Note: Enter debits before credits. Debit Credit Date June 30, 2021 General Journal Interest Expense Discount on Bonds Payable Cash Record entry Clear entry View general journal