Jessica Corporation issued $4,000,000, 5-year, 8% bonds on January 1, 2012. The bonds were issued @8733785 to yield an effective market rate of 10%. Interest is payable semi-annually on July 1 and January 1. Financial statements are prepared on December 315 Prepare the entry to record the sale of these bonds on 1/1/12 Account Titles Debit Credit