Hillside issues $1,400,000 of 5%, 15-year bonds dated January 1, 2013, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,713,594.

Required:
1.	Prepare the January 1, 2013, journal entry to record the bonds issuance.

• (Record the issue of bonds with a par value of $1,400,000 cash on January 1, 2013 at an issue price of $1,713,594.)