Required information P10-7 (Static) Recording and Reporting a Bond Issued at a Discount (with Discount Account) L010-4 [The following information applies to the questions displayed below.) Claire Corporation is planning to issue bonds with a face value of $100,000 and a coupon rate of 8 percent. The bonds mature in two years and pay interest quarterly every March 31, June 30. September 30, and December 31. All of the bonds were sold on January 1 of this year. Claire uses the effective-interest amortization method and also uses a discount account. Assume an annual market rate of Interest of 12 percent. (FV of S1, PV of $1. FVA 1.51 and PVA of $1 (Use the appropriate factor(s) from the tables provided.) P10-7 Part 1 Required: 1. Provide the journal entry to record the issuance of the bonds. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your final answers to nearest whole dollar amount.) Journal entry worksheet