Minnie Co. issues $1,000,000, annual interest rate of 5%, 5-year bonds on January 1, 2025. The bonds pay interest semi-annually on June 30 and December 31. The bonds are issued to yield 6% annual effective rate. What is the journal entry? 2.5% 3.0% 5.0% 6.0% Present value of a single sum for 5 periods .88385 .86261 .78353 .74726 Present value of a single sum for 10 periods .78120 .74409 .61391 .55839 Present value of an annuity for 5 periods 4.64583 4.57971 4.32948 4.21236 Present value of an annuity for 10 periods 8.75206 8.53020 7.72173 7.36009