Concord$-$Corporation issues $$2\mathrm{.}30$ million, $10-$year, $9\%$ bonds at $98,$ with interest payable each January $1.$

$($a$)$

Prepare the journal entry to record the sale of these bonds on January $1,2022.($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Date Account Titles and Explanation

Jan. $1$ Discount on Bonds Payable

Debit

Credit