Hillside issues $$2,500,000$ of $6\%,15-$year bonds dated January $1,2013,$ that pay interest semiannually on June $30$ and December $31.$ The bonds are issued at a price of $$2,160,279.$

Required:

Prepare the January $1,2013,$ journal entry to record the bonds' issuance.

Journal entry worksheet

$1$

Record the issue of bonds with a par value of $$2,500,000$ cash on January $1,2013$ at an issue price of $$2,160,279.$

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$Jan$.1,2013,,,],[,,,],[,,,],[,,,],[,,,]]$