Return to question On January 1, 2021, Splash City issues $370,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Required: Assuming the market interest rate on the issue date is 9%, the bonds will issue at $370,000. 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.) Answer is not complete. No Credit 1 Date General Journal January 01.2021 Cash Discount on Bonds Payable Bonds Payable ooo Det 338 257 31.743 370,000 Record the bond issue, Note: Enter debits before credits Debit Credit Date General Journal January 01, 2021 Cash Discount on Bonds Payable Bonds Payable 338 257 31,743 370.000 Record entry Clear entry View general al & Prev 6 of 8 Next > 2 Record the first semiannual interest payment. Note: Enter debits before credits Date Debit Credit June 30, 2021 General Journal Interest Expense Discount on Bonds Payable Cash 16,913 263 16,650 Record entry Clear entry View general journal