! Required information [The following information applies to the questions displayed below.] Ike issues $260,000 of 9% , three-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. They are issued at $266,811 when the market rate is 8%. 4. Prepare the journal entries to record the first two interest payments.

Required information [The following information applies to the questions displayed below] Ike issues $260,000 of 9%, three-yoar bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31 . They are issued at $266,811 when the market rate is 8%. 4. Prepare the journal entries to record the first two interest payments