Pharoah Company issued $$426,000,10\%,15-$year bonds on December $31,2021,$ for $$383,400.$ Interest is payable annually on

December $31.$ Pharoah uses the straight$-$line method to amortize bond premium or discount.

$($a$)$

Prepare the journal entry to record the issuance of the bonds. $($Credit account titles are automatically indented when amount is

entered. Do not indent manually.$)$