Required Information Problem 14-4A (Algo) Straight-Line: Amortization of bond discount LO P2 [The following Information applies to the questions displayed below.] Legacy Issues $690,000 of 7.0%, four-year bonds dated January 1, 2021, that pay Interest semiannually on June 30 and December 31. They are Issued at $623,078 when the market rate is 10%. Problem 14-4A (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 $690,000 on January 1, 2021 at an issue price of $623,078. Note: Enter debits before credits. Date January 01 General Journal Debit Credit Record entry Clear entry View general journal