Required information [The following information applies to the questions displayed below.] Legacy issues $325,000 of 5%, four-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $292,181 when the market rate is 8%. 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 $325,000 on January 1, 2019 at an issue price of $292,181. Note: Enter debits before credits. Date January 011 General Journal Debit Credit Discount on bonds payable