Required Information Problem 14-4A Straight-Line: Amortization of bond discount LO P2 [The following information applies to the questions displayed below) Legacy issues $600,000 of 70%, four-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $541807 when the market rate is 10% Problem 14-4A Part 1 Required: 1. Prepare the January 1 journal entry to record the bonds'issuance. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $600,000 on January 1, 2019 at an issue price of $541,807 Notes Enter debits before credits General Journal Debit Credit Date January 01