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Required inform don The following information applies to the questions displayed below. On January 1, 2021, White Water issues $440,000 of 7 % bonds ,

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Required inform don The following information applies to the questions displayed below. On January 1, 2021, White Water issues $440,000 of 7 % bonds , due in 10 years, with interest payable annually on December 31 each year. Assuming the market interest rate on the issue date is 8 % , the bonds will issue at $410,474 2. Record the bond issue on January 1, 2021, and the first two interest payments on December 31, 2021, and December 31, 2022. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your final answers to the nearest whole dollar.) View transaction list Journal entry worksheet 2 3 1 Record the bond issue

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