Pretzelmania, Incorporated, issues 7%, 15-year bonds with a face amount of $61,000 for $55,726 on January 1, 2024. 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 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. Do not round your intermediate calculations. Round final answers to the nearest whole dollar.) View transaction list Journal entry worksheet 1 2 Record the bond issue on January 1, 2024. Note: Enter debits before credits. Date January 01, 2024 General Journal Debit Credit Cash 55,726 Discount on Bonds Payable Bonds Payable -5,274 61,000 View general journal Record entry Clear entry >