Chapter 10 Saved Help Save & Exit Submit 8 Part 1 of 3 10 points ! Required information [The following information applies to the questions displayed below.] Claire Corporation is planning to issue bonds with a face value of $290,000 and a coupon rate of 8 percent. The bonds mature in two years and pay interest quarterly every March 31, June 30, September 30, and December 31. All of the bonds were sold on January 1 of this year. Claire uses the effective- interest amortization method and does not use a discount account. Assume an annual market rate of interest of 12 percent. (FV of $1, PV of $1, FVA of $1, and PVA of $1) Note: Use appropriate factor(s) from the tables provided. eBook Print References Required: 1. Provide the journal entry to record the issuance of the bonds. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your final answers to nearest whole dollar amount.