Pharoah Corporation issued $570,000 of 6%, 8-year bonds on January 1,2023 , at face value. The bonds require annual interest payments each December 31. Costs associated with the bond issuance were $24,800. Pharoah follows ASPE and uses the straight-line method to amortize bond issue costs. (a) Prepare the journal entry for the January 1, 2023 issuance. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List debit entry before credit entry.)