On July 1, 2021, Concord Satellites Corporation issued $1,500,000 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 . Concord has a D adjusting entries annually. Concord received $1,616,917 when issuing the bonds. Click here to view the factor table. TABLE 1 TABLE 2