Pretzelmania, Inc., Issues 5%, 20-year bonds with a face amount of $56,000 for $63,660 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 4%. 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 Requlred" In the first account field. Round your Intermediate computations and finel answers to the nearest whole dollar amount.) View transaction ist Journal entry worksheet