Pretzelmania, Incorporated, issues 7%,15-year bonds with a face amount of $70,000 for $76,860 on January 1, 2024. The market interest rate for bonds of similar risk and maturity is 6%. 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 transoction/event, select "No Journol Entry Required" in the first occount field. Do not round your intermediate calculations. Round final answers to the nearest whole dollar.) Journal entry worksheet Record the bond issue on January 1,2024. Notes Enter debits before credts