Required information [The following information applies to the questions displayed below) On January 1, 2018. Splash City issues $370,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds will issue at $406,617 2. Record the bond issue on January 1, 2018, and the first two semiannual interest payments on June 30, 2018, and December 31, 2018.(If no entry is required for a transactionevent, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 Record the bond issue. Note: Enter debits before credits General Journal Debit Credit Date January 01, 2018 Record entry Clear entry View general journal