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2QUESTION 2PilotCorp. issued $200,000, 6%, 5-year bonds on December 31, 2019Interest is tobe paid semi-annuallyon June 30 and December 31. The company usesthe effective interest

2QUESTION 2PilotCorp. issued $200,000, 6%, 5-year bonds on December 31, 2019Interest is tobe paid semi-annuallyon June 30 and December 31. The company usesthe effective interest method for amortization. Required:Prepare the journal entry to record i.the issuanceof the bonds on the date of issue at $191,683,market interest rate 7%

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