Wefald Company sold bonds with a face value of $605,000 for $583,000. The bonds have a coupon rate of 8 percent, mature in 10 years, and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. Record the sale of the bonds on January 1 and the payment of interest on June 30 of this year, without the use of a discount account. Wefald uses the straight-line amortization method. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your final answers to the nearest whole dollar amount.) No Credit Date January 01 1 Answer is not complete. General Journal Cash Discount on bonds payable Bonds payable Debit 583,000 22.000 605,000 2. June 30 Interest expense Discount on bonds payable Cash 22,978 12223 24,200