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 View journal entry worksheet General Journal No Date 1 January 01, 2024 Cash Discount on Bonds Payable Bonds Payable 2 June 30, 2024 Interest Expense Discount on Bonds Payable Cash Debit Credit 55,726 ........ -5,274 61,000 2,229 94 2,135