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lke issues $160,000 of 13%, three-year bonds dated January 1.2015, that pay interest semiannually on June 30 and December 31. They are issued at $163,

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lke issues $160,000 of 13%, three-year bonds dated January 1.2015, that pay interest semiannually on June 30 and December 31. They are issued at $163, 940. Their market rate is 12% at the issue date. value: Required: Prepare the January 1. 2015, journal entry to record the bonds' issuance

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