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Acropolis SA on January 1, 2020 issues $50,000 of 16% bonds, due in 3 years at 54,917 with interest payable semiannually on 1/7 and 1/1

Acropolis SA on January 1, 2020 issues $50,000 of 16% bonds, due in 3 years at 54,917 with interest payable semiannually on 1/7 and 1/1 of each year when the market rate was 12%.company uses effective interest method. Make appropriate journal entry on 1/7/2020 ?

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