Park Corporation is planning to issue bonds with a face value of $690,000 and a coupon rate of 7.5 percent. The bonds mature in 4 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-inderest amortization method and also uses a discount account. Assume an annual market rate of Interest of 8.5 peroont. (FV of $1. PV of $1, FVA of S1, and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your final answer to whole dollars.) Required: 1. Prepare the journal entry to record the issuance of the bonds. (If no entry is required for a transactionlevent, select "No journal entry required In the first account field.) View transaction list Journal entry worksheet Record the issuance of bonds. Note: Enber debits before credts. Journal Credit January 01 Record entry Clear entry View generall journal