Colfman Company sold bonds with a face value of $1,000,000 for $937,689. The bonds have a coupon rate of 9 percent, mature in 10 years, ond pay interest semlannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. Record the sale of the bonds on January 1 and the payment of interest on June 30 of this year, without the use of a discount account. Coffman uses the effective-interest amortization method. Assume an annual market rate of interest of 10 percent. (If no entry is required for a transaction/event, select "No joumal entry required" in the first account field. Round final answers to nearest whole dollar.) Journal entry worksheet 2 Record the sale of the bonds on January 1. Foter Enter debies belure crituti