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 Answer is complete but not entirely correct. General Journal No Date Debit Credit 11,687X Bond interest expense 1 June 30 3,562 X Discount on bonds payable 8,125 Cash 11.830X 2 December 31 Bond interest expense 3,705X Discount on bonds payable Cash 8,125