Surf's Up is a manufacturer of surfing supplies and training equipment. On January 1, 2021, Surf's Up issues 5%, 10-year bonds with a face amount of $65,000 for $65,000 to finance its new warehouse. The market interest rate for bonds of similar risk and maturity is 5%. Interest is paid annually on December 31. Required: 1. & 2. Record the bond issue and first interest payment on December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 Record the bond issue on January 1, 2021. Note: Enter debits before credits. Date January 01, 2021 General Journal Debit Credit Record entry Clear entry View general journal >