Required information Problem 10-4A (Algo) Straight-Line: Amortization of bond discount LO P2 [The following information applies...

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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 $680,000 of 6.5%, four-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. They are issued at $645,669 when the market rate is 8%. 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 1 Record the issue of bonds with a par value of $680,000 on January 1, 2021 at an issue price of $645,669. Note: Enter debits before credits. Date January 01 General Journal Debit Credit Record entry Clear entry View general journal 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 $680,000 of 6.5%, four-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. They are issued at $645,669 when the market rate is 8%. 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 1 Record the issue of bonds with a par value of $680,000 on January 1, 2021 at an issue price of $645,669. Note: Enter debits before credits. Date January 01 General Journal Debit Credit Record entry Clear entry View general journal