On December 31, 2018, when the market interest rate is 6%, BMCC Realty issues 700,000 of 6.25%, 10 year bonds payable. The bonds pay interest semiannually. BMCC Realty received 713,234 in cash at issuance. Requirements 1 Record the entry for the issued of the bonds. 2 Record the interest payments for the year 2019. 3 Prepare the final entry to paid back the bonds 2028