Pretzelmania, Inc., issues 7%, 15-year bonds with a face amount of $51,000 for $55,998 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.) Answer is not complete. No 1 Date January 01, 2021 Can General Journal Debit Credit Premium on Bonds Payable Bonds Payable 2 June 30, 2021 erest Expense Premium on Bonds Payable Cash 000 000 55,000 5990 Q $1,000