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Required information [The following information applies to the questions displayed below.) On January 1, 2021....

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Accounting

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Required information [The following information applies to the questions displayed below.) On January 1, 2021. White Water issues $410,000 of 7% bonds, due in 10 years, with interest payable annually on December 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds will issue at $382,487 2. Record the bond issue on January 1, 2021, and the first two interest payments on December 31, 2021, and December 31, 2022. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your final answers to the nearest whole dollar.) View transaction list Journal entry worksheet Record the bond issue. Note: Enter debits before credits General Journal Debit Credit Date January 01, 2021 Record entry Clear entry View general journal Record the first annual interest payment. Note: Enter debits before credits. General Journal Debit Credit Date December 31, 2021 Record entry Clear entry View general journal Journal entry worksheet

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