1. on January 1st, 2018, Ripstick park issues $800,000 of 8% bonds, due in ten years with interest payable annually on December 31. The bonds issue at $856,850, which resulted in an effective interest rate on the bonds of 7%. Record the bond issue on January 1, 2018, the payment of interest on December 31, 2018 the payment of interest on December 31, 2019