Journalize the following transactions of Mecina Technologies Inc.: 

2014 Jan. 2 Issued 7-percent, 10-year bonds with a maturity value of $5,000,000 at 97.00.

Jan. 2 Signed a five-year capital lease on equipment. The agreement requires annual lease payments of $400,000, with the first payment due immediately. The present value of the five lease payments is $1,724,851.

Jul. 2 Paid semiannual interest and amortized the discount by the straight-line method on the 7-percent bonds.

Dec. 31 Accrued semiannual interest expense, and amortized the discount by the straight-line method on the 7-percent bonds.

31 Recorded amortization on the leased equipment, using the straight-line method.

31 Accrued interest expense at 8 percent on the lease liability.

2024 Jan. 2 Paid the 7-percent bonds at maturity. (Ignore the final interest payment.)