On July 1, 2021, Bonita Satellites Corporation issued $1,800,000 of 10 -year, 6% bonds to yield a market interest rate of 5%. The bonds pay semi-annual interest on July 1 and January 1 . Bonita has a December 31 year end and records adjusting entries annually. Bonita received $1,940,301 when issuing the bonds. Click here to view the factor table. Record the payment of interest on January 1, 2022, assuming the company's year end was November 30 . (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Round all amounts to the nearest dollar, e.g. 5,275