Required information A company issued 10% bonds, dated January 1, with a face amount of $380,000 on January 1, 2021. The bonds mature in 4 years. The market rate of interest for similar bonds was 8%. Interest is paid semiannually on June 30 and December 31. The company uses the effective interest method. The bonds issued for a price of $405,584. Use the information above to answer the questions below. Provide the journal entry for interest paid on June 30, 2021. View transaction list Journal entry worksheet < 1 Record interest paid. Note: Enter debits before credits. S.No/Date June 30, 2021 Account Title Debit Credit