NEED ASAP

Current Attempt in Progress Carla Vista Corporation issued $610,000,7%, 20-year bonds on January 1, 2020, for $550,109. This price resulted in an effective interest rate of 8% on the bonds. Interest is payable annually on January 1. Carla Vista uses the effective-interest method to amortize bond premium or discount (a) Prepare the journal entry to record the issuance of the bonds. (Round answers to decimal places, es 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually) Debit Credit Date Account Titles and Explanation Jan 1