On January 1, 2021, Lost Corporation issued $900,000, 8%, 10-year bonds at face value. Interest is payable annually on January 1. Lost Corporation has a calendar year end. Prepare all entries related to the bond issue for 2021 and January 1, 2022.

On January 1, 2021, Lost Corporation issued $900,000,8%,10-year bonds at face value Interest is pavabie annually on January 1. Lost Corporation has a calendar year end. Prepare all entries rehated to the bond issue for 2021 and Janciary 1,2022. (Credit account titles are dutomatically indented when the ermount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Record journal entries in the order presented in the problem.)