Required information [he following information applies to the questions displayed below. On January 1, 2021. White Water issues $600,000 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 $559.740. 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.) Journal entry worksheet 3 Record the bond issue. Note: Enter debits before credits