Required information [The following information applies to the questions displayed below.] Legacy issues $700,000 of 7.5%, four-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. They are issued at $643,419 when the market rate is 10%. 4. Prepare the journal entries to record the first two interest payments. View transaction list Journal entry worksheet < 1 2 > Record the interest payment and amortization on June 30. Note: Enter debits before credits. Date General Journal June 30 Record entry Clear entry Debit Credit View general journal ! Required information [The following information applies to the questions displayed below.] Legacy issues $700,000 of 7.5%, four-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. They are issued at $643,419 when the market rate is 10%. 4. Prepare the journal entries to record the first two interest payments. View transaction list Journal entry worksheet 1 2 Record the interest payment and amortization on December 31. Note: Enter debits before credits. Date General Journal Debit December 31 Clear entry Record entry Credit View general journal