Required information [The following information applies to the questions displayed below.] Legacy issues $600,000 of 7.0%, four-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. They are issued at $541,807 when the market rate is 10%. 4. Prepare the journal entries to record the first two interest payments. 1 Record the interest payment and amortization on June 30. 2 Record the interest payment and amortization on December 31. Note : = journal entry has been entered