On January 1, 2018, Watch Works incorporated (WWi) issued $83,000 par value, 4\%, four-year bonds that mature on December 31,2021 . WWi will pay interest semiannually on June 30 and December 31 . On the date WWi issued the bonds, the market rate of interest was 10%. The company's fiscal year ends on December 31. What is the issue price of this bond? Record the journat entry for the issuance of the bonds. STEP 2-Present Value of Par Value: Record the journal entry for the issuance of the bonds. January 1,201 A Accounts Debit Credit