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On January $1,2021,$ White Water issues $$560,000$ of $6\%$ bonds, due in $20$ years, with interest payable annually on December $31$ each year.

Assuming the market interest rate on the issue date is $5\%,$ the bonds will issue at $$629,789.$

$2.$ 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.$)$

Answer is not complete.

$\backslash$table$[[$No$,$Date,Gener:,Journal,Debit,Credit$],[1,$January $01,2021,$Cash,$0,629,789,],[,$Premium on Bonds Payable,$2,,69,789vv$