On January $1,2025,$ Carla Vista Company issued bonds with a face value of $$580,000.$ The bonds carry a stated interest of $6\%$ payable each January $1.$

$($a$)$

Prepare the journal entry for the issuance assuming the bonds are issued at $98.($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

Account Titles and Explanation

Debit

CreditJanuary $1,2025,$ Carla Vista Company issued bonds with a face value of $$580,000.$ The bonds carry a stated interest of $6\%$ payable January $1.$