Wefald Company sold bonds with a face value of $615,000 for $573,000. The bonds have a coupon rate of 8 percent, mature in 8 years, and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. Using a discount account, record the sale of the bonds on January 1 and the payment of interest on June 30 of this year. 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 nearest whole dollar amounts.) Credit No 1 Date January 01 Answer is complete but not entirely correct. General Journal Debit Cash 573,000 Discount on bonds payable 42,000 Bonds payable 615,000 June 30 27,632 X Interest expense Discount on bonds payable Cash 3,500 24,600