On February 1, Year 1, a company issued 9% bonds, dated February 1, with a face amount of $720,000. The bonds sold for $658,231 and mature on January 31, Year 21 (20 years). The market yield for bonds of similar risk and maturity was 10%. Interest is paid semiannually on July 31 and January 31. The company's fiscal year ends December 31. Required: 1. to 4. Prepare the journal entries to record their issuance by the company on February 1, Year 1, interest on July 31, Year 1 (at the effective rate), adjusting entry to accrue interest on December 31, Year 1 and interest on January 31, Year 2. Note: Do not round intermediate calculations and round your final answers to the nearest whole dollar. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet 1 2 3 4 Record the issuance of the bond on February 1, Year 1. Note: Enter debits before credits. Date February 01, Year 1 General Journal Debit Credit Record entry Clear entry View general journal >