On January 1, Applied Technologies Corporation (ATC) issued $670,000 in bonds that mature in 10 years. The bonds have a stated Interest rate of 9 percent. When the bonds were issued, the market interest rate was 9 percent. The bonds pay interest once per year on December 31. Required: 1. Determine the price at which the bonds were issued and the amount that ATC received at issuance. 2. & 3. Prepare the required journal entries to record the bond issuance and the first interest payment on December 31 assuming no interest has been accrued earlier in the year. Complete this question by entering your answer swers in the tabs below. Req 1 Req 2 and 3 Determine the price at which the bonds were issued and the amount that ATC received at issuance. Amount Received at Issuance Req 1 Req 2 and 3> 25 Req 1 Req 2 and 3 Prepare the required journal entries to record the bond issuance and the first interest payment on December 31 assuming no interest has been accrued earlier in the year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 2 Record the issuance of bonds of $670,000. Note: Enter debits before credits. Date January 01 General Journal Debit Credit Record entry Clear entry View general journal < Prev 7 of 10 Next > Prepare the required journal entries to record the bond issuance and the first interest payment on December 31 assuming no interest has been accrued earlier in the year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 Record the interest payment on December 31. Note: Enter debits before credits. Date December 31 General Journal Debiti Credit Record entry Clear entry View general journal