Pretzelmania, Inc., issues 7%, 15-year bonds with a face amount of $61,000 for $55,726 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 8%. 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, 0f 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 1 Date January 01, 2021 Cash Answer is not complete. General Journal Discount on Bonds Payable Bonds Payable 2 June 30, 2021 Interest Experse Discount on Bonds Payable Cash 000 000 Debit Credit 56,726 O 52740 61.000 2229 O 5274 O 55.726 O