Required information [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%. 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 $680,000 on January 1,2021 at an issue price of $645,669. Note. Enter detsits before credits. Journal entry worksheet 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