Retu 5 Part 2 of 2 Required information [The following information applies to the questions displayed below) On January 1, 2021, Splash City issues $420,000 of 7% bonds, due in 10 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 $391,462. 10 points 02:40:25 2. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field. Round your Intermediate and final answers to the nearest whole dollar) Answer is not complete. General Journal No Date Credit Debit 420,000 1 January 01, 2021 Cash Bonds Payable 3 420,000 14.700 N June 30, 2021 Interest Expenso Cash 14,700 14,700 3 December 31, 202 interest Expense Cash 14,700 Su 12 Next >