RFC will issue bonds on January 1st of the current year with a face value of $210,000, a coupon rate of 7% with interest paid semi-annually (July 1 and January 1) and a maturity of 10 years. Bonds with a similar risk profile currently have a yield of 8% (ie. the market rate of interest). B the journal entries for the first interest payment and the first year-end adjusting entry.