Required information The following information applies to the questions displayed below) On January 1 2021. White Water issues $500,000 of 7% bonds due in 10 years, with interest payable annually on December 31 each year Assuming the market interest rate on the issue date is 8% the bonds will issue at $559,740 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 to Journal entry worksheet