Return to question Required information [The following information applies to the questions displayed below) On January 1, 2021. White Water issues $600,000 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.) No Date January 01, 2021 Cash Answer is complete but not entirely correct. General Journal Debit 559, 229 Credit 1 arch O L 11:17 PM 2/28/2021