! Required information Problem 10-4A (Algo) Straight-Line: Amortization of bond discount LO P2 [The following information applies to the questions displayed below] Legacy issues $660,000 of 5.5%, four-year bonds dated January 1, 2020, that pay interest semiannually on June 30 and December 31. They are issued at $648,412 when the market rate is 6%. Problem 10-4A (Algo) Part 1 Required: 1. Prepare the January 1 journal entry to record the bonds' issuance. View transaction list Journal entry worksheet

Required information Problem 10-4A (Algo) Straight-Line: Amortization of bond discount LO P2 [The following information applies to the questions displayed below] Legacy issues $660,000 of 5,5%, four-year bonds dated January 1,2020, that pay interest semiannually on June 30 and December 31 They are issued ot $648,412 when the market rate is 6%. Problem 10-4A (Algo) Part 1 Required: 1. Prepare the January 1 journal entry to record the bonds' issuance Journal entry worksheet Record the issue of bonds with a par value of $660,000 on January 1,2020 at an issue price of $648,412. Notel Enter debits before credits