Imai Company issued a $1-million bond that matures in five years. The bond has a 9 percent coupon rate. When the bond was issued, the market rate was 8 percent. The bond pays interest twice per year, on June 30 and December 31

Record the issuance of the bond on June 30. (Enter your answers in dollars not in millions, rounded to nearest whole dollar. Round time value factor to 4 decimal places. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)