Pretzelmania, Incorporated, issues 5%,20-year bonds with a face amount of $53,000 for $60,249 on January 1, 2024. The market interest rate for bonds of similar risk and maturity is 4%. Interest is paid semiannually on June 30 and Decernber 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 o porticular transaction/event, select "No Journal Entry Required" in the first account field. Do not round your intermediate calculations. Round finol answers to the nearest whole dollar.) Journal entry worksheet