Loschiavo Ltd. was authorized to issue $1,200,000 of 5-year, 6% bonds payable on 1 January 20X2. The bonds are due on 31 December,20X6. Interest payments dates were 30 June and 31 December. The bond was sold to yield 8%. Required: Provide the journal entry for issuance of the bond. (If no entry is required for a transaction/event, select "No journal entry equired" in the first account field. Round time value factor to 5 decimal places. Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.) View transaction list Journal entry worksheet < 1 Record entry for issuance of bond. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Cash Discount Bond payable 1,200,000