Hillside issues $1,600,000 of 9%, 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 $1,958,394.

Required 1. Prepare the January 1, 2013, journal entry to record the bonds' issuance view transaction list view general journal Date General Journal Debit Jan. 1, 2013 cash 1,958,394 Discount on bonds payable Bonds payable