Pretzelmania, Incorporated, issues 6%, 10-year bonds with a face amount of $58,000 for $53,878 on January 1, 2024. The market interest rate for bonds of similar risk and maturity is 7%. 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