Pretzelmania, Incorporated, issues 5%, 10-year bonds with a face amount of $53,000 for $53,000 on January 1, 2024. Interest is paid semiannually on June 30 and December 31.

Required:

1. & 2. Record the bond issue on January 1, 2024 and first interest payment on June 30, 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

Pretzelmania, Incorporated, issues 5\%, 10-year bonds with a face amount of $53,000 for $53,000 on January 1,2024 . Interest is paid semiannually on June 30 and December 31 . Required: 1. \& 2. Record the bond issue on January 1, 2024 and first interest payment on June 30 , 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Note: Enter debits before credits. Pretzelmania, Incorporated, issues 5%,10-year bonds with a face amount of $53,000 for $53,000 on January 1, 2024. Interest is paid semiannually on June 30 and December 31. Required: 1. \& 2. Record the bond issue on January 1, 2024 and first interest payment on June 30 , 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the first interest payment on June 30,2024. Note: Enter debits before credits