On January $1,2024,$ Sisek Company borrowed $$800,000$ with a $10-$year, $9\mathrm{.}75\%$ note, interest payable semiannually on June $30$ and December $31.$ Cash in the amount of $$792,800$ was received when the note was issued.Prepare the necessary journal entry at January $1,2024.$ If an amount box does not require an entry, leave it blank.

Record issuance of notes at discount

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When bonds are issued, any premium or discount is recorded in a separate valuation account.

Record interest expense

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Any premium or discount is amortized to interest expense.