Park Corporation is planning to issue bonds with a face value of exist600,000 and a coupon rate of 7.5 percent. The bonds mature in four years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. Park uses the effective-interest amortization method and also uses a discount account. Assume an annual market rate of interest of 8.5 percent (FV of exist1, PV of exist1, FVA of exist1, and PVA of exist1) (Use the appropriate factor(s) from the tables provided. Round your final answer to whole dollars.) Required: Prepare the journal entry to record the issuance of the bonds. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)