Serotta Corporation is planning to issue bonds with a face value of $340,000 and a coupon rate of 8 percent. The bonds mature in two years and pay interest quarterly every March 31, June 30, September 30, and December 31. All of the bonds were sold on January 1 of this year. Serotta uses the effective-interest amortization method and also uses a premium account. Assume an annual market rate of interest of 4 percent (FV of $1, PV of S1, FVA of $1, and PVA of S) (Use the appropriate factor(s) from the tables provided. value: Required information .00 points 1. Provide the journal entry to record the issuance of the bonds January 1.(If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your final answers to nearest whole dollar amount.) View transaction list View journal entry worksheet No Date General jounral Debit Credit January 01 Cash Discount on bonds payable Bonds payable 2. Provide the journal entry to record the interest payment on March 31, June 30, September 30, and December 31 of this year. (If no entry is required for a transactionlevent, select "No journal entry required" in the first account field. Round your final answers to nearest whole dollar amount.) View transaction list View journal entry worksheet No Date General Journal Debit Credit March 31 Interest Expense Bond payable Cash Interest Expense Bond payable Cash September 30 Interest Expense Bond payable Cash December 31 Interest Expense Bond payable Cash