period on July $1,2022.$ The market rate of interest on the date of the bond issue was $6\%.$

Future Value of $$1$ table Future Value of an Ordinary Annuity table Future Value of an Annuity Due table

Present Value of $$1$ table Present Value of an Ordinary Annuity table Present Value of an Annuity Due table

Read the requirements. value tables or the formula method, use factor amounts rounded to five decimal places, $x.xxxxx.$ Round your final answer to the nearest whole dollar.$)$

The issue price of the debt $=$ $$,1,188,436$ whole number and then use the rounded value for each subsequent calculation in the table.$)($Record debits first, then credits. Exclude explanations from any journal entries. Use the rounded values from previous calculations.$)$

Begin by recording the issuance of the bonds payable.

January $1,2022$