On January 1, 2017, Ultra Vision Corp. issued $1,290,000 of 20-year 8.0% bonds that pay interest semiannually on June 30 and December 31. Assume the bonds were sold at (1) 98; and (2) 102. Journalize the issuance of the bonds at 98 and 102. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.)

• 1
  Record the sold bonds at a discount.
• 2
  Record the sold bonds at a premium.