Pretzelmania, Inc., issues 7%, 15-year bonds with a face amount of $61,000 for $55,779 on January 1, 2021. The market interest rate for bonds of similar risk and maturity is 8%. Interest is paid annually on December 31. Required: 1. & 2. Record the bond issue and first interest payment on December 31, 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 Journal entry worksheet < 1 2 Record the first interest payment on December 31, 2021. Note: Enter debits before credits. Date December 31, 2021 General Journal Debit Credit