On January 1, Year 1, Stopaz Co. issued 8%, five-year bonds with a face value of $200,000. The bonds pay interest semiannually on June 30 and December 31 of each year. The bonds were issued when the market interest rate was 4% and the bond proceeds were $235,931. Stopaz uses the effective interest method for amortizing bond premiums/discounts and maintains separate general ledger accounts for each. Click on a cell in the Account name column and select from the list provided the appropriate account name. An account may be used once or not at all for the entry. Enter the corresponding debit or credit in the appropriate column. Round all elements to the nearest dollar. All rows may not be required to complete the entry. If no journal entry is needed, check the "No entry required" box at the top of the table as your response. For Wiley CPAexcel grading purposes, enter debits and credits in descending order based on dollar amount. Under the Account Name column, select "Blank" and under the Debit and Credit columns, enter a zero "0" in lieu of leaving any cell empty. Prepare the journal entry to record the issuance of the bonds on January 1, Year 1: