Surf's Up is a manufacturer of surfing supplies and training equipment. On January 1, 2021, Surf's Up Issues 6%, 10-year bonds with a face amount of $55,000 for $55,000 to finance its new warehouse. The market Interest rate for bonds of similar risk and maturity is 6%. 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