Required information [The following information applies to the questions displayed below) Legacy issues $325,000 of 5%, four-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $292,181 when the market rate is 8% 4. Prepare the journal entries to record the first two interest payments. View journal entry worksheet View transaction list No Date General Journal Debit Credit 1 June 30 Bond interest expenso Discount on bonds payable Cash 8,125 2 December 31 Bond interest expense Discount on bonds payable Cash 8,125