Pretzelmania, Inc., issues 5%, 20-year bonds with a face amount of $68,000 for $60,141 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.) No Debit Credit Answer is not complete. Date General Journal January 01, 2021 Cash Premium on Bonds Payable Bonds Payable 1 60,141 68,000 2 June 30, 2021 Interest Expense Premium on Bonds Payable Cash 1,804 576 2,3804