Prepare the journal entries required to issue the bonds on November 30, 2022, and record the first interest payment on December 31, 2022.

Fleiner Company issued $590,400 par value, 5 -year, 4% bonds on November 30,2022 . The bonds are dated July 1 , 2022 , and pay interest semiannually on June 30 and December 31 . The bonds are sold at $623,802, including accrued interest, because they are sold between interest dates. The market rate of interest on the date of sale was 2.5% Requirement Prepare the journal entries required to issue the bonds on November 30,2022 , and record the first interest payment on December 31, 2022. Prepare the journal entry required to issue the bonds on November 30, 2022. (Record debits first, then credits. Exclude explanations from any journal entries. Round intermediary calculations and your final answers to the nearest whole dollar.)