On January 1, 2014, Park Corporation sold a $604,000, 8 percent bond issue (10 percent market rate). The bonds were dated January 1, 2014, pay interest each June 30 and December 31, and mature in ten years. (FV of $1,PV of $1,FVA of $1, andPVA of $1)(Use the appropriate factor(s) from the tables provided.)

2. value:

1.00 points Required information

Required:
1.	Prepare the journal entry to record the issuance of the bonds.(If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)