Hillside issues $1,300,000 of 7%, 15-year bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,591,194.

Hillside issues $1,300,000 of 7%, 15-year bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,591,194. Required 1. Prepare the January 1, 2015, journal entry to record the bonds' issuance. view transaction list view general journal Journal Entry Worksheet Record the issue of bonds with a par value of $1,300,000 cash on January 1, 2015 at an issue price of $1,591,194. Date General Journal Debit Credit Jan 01, 2015 *Enter debits before credits done clear entry record entry