On Januaty 1, Year 1, McClurg Corporation 1ssues 5%, 11-year bonds with a face amount of $70.000 for 576180 - The market interest Knowledge Check 01 tate is 4% intetest is paid semiannually on June 30 and December 31. Complete the necessary Journal entry for the issuance of the bonds by selecting the account names from the drop-down menus and enteting the assoclated dollar amounts if no entry is requlred for o particular tronsaction/event, select "No Journol Entry Requlred" in the first occount field.) Journal entry worksheet Fecord the issuance of 5\%, 11-year bonos with a face value of $70,000 for 576,180