! Required information [The following information applies to the questions displayed below.) Ike issues $160,000 of 13%, three-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. They are issued at $163,940 when the market rate is 12%. 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 $160,000 on January 1, 2021 at an issue price of $163,940. Note: Enter debits before credits. Date General Journal Debit Credit January 01 Record entry Clear entry View general journal