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18 points The Tennessee Titans Issue bonds dated January 1, 2020 with a par value of $300,000. The bonds' annual contract rate is 8%, and

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18 points The Tennessee Titans Issue bonds dated January 1, 2020 with a par value of $300,000. The bonds' annual contract rate is 8%, and Interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 10%, and the bonds are sold for $284,773. Joumalize the issuance of the bonds on January 1, 2020, and the first payment of interest on June 30. If necessary, use effective Interest amortization for the discount or premium and round to the nearest whole number Required: Date Account Debit Credit

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