On January 1, 2017, Ashford Corporation issued five-year, 4% bonds payable with a face value of $2,300,000. The bonds were issued at 87 and pay interest on January 1 and July 1. Ashford amortizes bond discounts using the straight-line method. On December 31, 2019, Ashford retired the bonds early by purchasing them at a market price of 91. The company's fiscal year ends on December 31. Read the requirements Requirement 1. Journalize the issuance of the bonds on January 1, 2017. (Record debits first, then credits. Exclude explanations from any journal entries.) Date 2017 Jan 1 Journal Entry Accounts Debit Credit Incon