! Required information [The following information applies to the questions displayed below.) On January 1, 2021, White Water issues $500,000 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 $562,311. 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 Required information Journal entry worksheet Record the bond issue. Note: Enter debits before credits. General Journal Debit Credit Date January 01, 2021 Record entry Clear entry View general journal View transaction list View journal entry worksheet X: W 1. Record the bond issue. 2 Record the first annual interest payment. 3 Record the second annual interest payment