On January 1 of this year, LeBron Company issued bonds with a face value of $1.05 million and a coupon rate of 7 percent. The bonds mature in 10 years and pay interest semiannually every June 30 and December 31. When the bonds were issued, the annual market rate of interest was 6 percent. Lebron uses the effective-interest amortization method.

Required:

Record the issuance of the bonds on January 1 of this year. (FV of $1, PV of $1, FVA of $1, and PVA of $1)

Note: Use appropriate factor(s) from the tables provided. If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in dollars not in millions. Round your intermediate and final answers to nearest whole dollars.

Record the issuance of the bonds.

Note: Enter debits before credits.

Date	General Journal	Debit	Credit
January 01