Banjo Education Corp. Issued a $48,$ $$130,000$ bond that pays interest semiannually each June $30$ and December $31.$ The date of Issuance was January $1,2023.$ The bonds mature after four years. The market interest rate was $6\%.$ Banjo Education Corp's year$-$end is December $31.$ Use TABLE $14$A$1$ and TABLE $14$A$2.($for alt the requirements, Use appropriate factor$($s$)$ from the tables provided.$)$

$40$ points

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Required:

Preparation Component:

Calculate the issue price of the bond. $($Round the final answer to the nearest whole dollar$)$

Issue price of the bond

Prepare a general journal entry to record the issuance of the bonds. $($Do not round intermediate calculations. Round the final answers to the nearest whole dollar.$)$

$\backslash$table$[[,$No$,$Date,General Journal,Debit,Credit$],[,1,$January $01,2023,$Cash,,$],[,,$Discount on bonds payable,,$],[,,$Bonds payable,,$]]$