On January 1, 2020 Jordan Inc. issued a $200,000 par value, 5% 5-year bond with interest due semiannually on June 30 and December 31. At the time of issuance, the effect rate of interest for bonds with similar risk was 8%. Jordan accounts for its bonds using the effective interest method. Required: 1. What is the journal entry to record the issuance of this bond