Schlitterbahn Waterside Company issued 44,000,10-year, 7 percent, $100 bonds on January 1 at face value. Interest is payable each December 31. (a) The issuance of these bonds on January 1 (b) The first interest payment on December 31 equired: Prepare the journal entries related for the above transactions. (if no entry is required for a transoction/Drent, select "No journal entry required" in the first occount field.) Journal entry worksheet 2 Schilterbahn Waterside Company issued 44,000,10-year, 7 percect, $100 tonds on lanuary 1 at face value. Interest is payable each December 31 . Record the issuance of 44,000 boeds ot face valiee for 5100 each. Journal entry worksheet Schlitterbahn Waterslide Company issued 44,000, 10-year, 7 percent, $100 bonds on January 1 at face value. Interest is payable each December 31 . Record the interest payment on December 31. Note: Enter debito before credits