On January 1, 2022, Swifty Corporation issued $2,100,000 face value, 8%, 10-year bonds at $1,965,229. This price resulted in an effective-interest rate of 9% on the bonds. The bonds pay annual interest, each January 1. Swifty has a calendar year end. (a) Prepare the journal entry to record the issue of the bonds on January 1, 2022. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Jan. 1, 2022 Account Titles and Explanation Debit Credit

On January 1, 2022, Swifty Corporation issued $2,100,000 face value, 8%,10-year bonds at $1,965,229. This price resulted in an effective-interest rate of 9% on the bonds. The bonds pay annual interest, each January 1 . Swifty has a calendar year end (a) Prepare the journal entry to record the issue of the bonds on January 1.2022. (List all debit entries before credit entries. Credit accouint titles are automaticaily indented when the amount is entered, Do not indent manually)