Cheyenne Corp. issued $$568,000$ of $5-$year, $9\%$ bonds at $95$ on January $1,2022.$ The bonds pay interest annually.

Prepare the journal entry to record the issuance of the bonds, assuming the bonds were issued at $102.($Credit account titles are automatically indented when amount is entered. Do not indent manually.$)$

Account Titles and Explanation

Debit

Credit