Required information [The following information applies to the questions displayed below.] Legacy issues $580,000 of 8.0%, four-year bonds dated January 1,2021 , that pay interest semiannually on June 30 and December 31 . They are issued at $507,959 when the market rate is 12%. 4. Prepare the journal entries to record the first two interest payments. Journal entry worksheet Note: tnter debits betore credits. Journal entry worksheet Record the interest payment and amortization on December 31. Note: Enter debits before credits