very urgent

Question 17 (7 points) Saved Barrow Products Ltd. issued $350,000 of 4.5%, 8 year bonds on January 1, 2021 that pay interest annually. The bond issue price was $338,689. The market interest rate was 5% for these bonds. The year end is December 31 Required: (Round all answers to the nearest dollar) 1. Prepare the adjusting entry on December 31, 2021. (5 marks) 2. Prepare the first interest payment on January 1, 2022. (2 marks) Paragraph V B 1 UA EE + EN RE GENERAL JOURNAL DATE ACCOUNT TITLES DEBIT CREDIT