Required information [The following information applies to the questions displayed below.) Legacy issues $740,000 of 7.5%, four-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $680,186 when the market rate is 10%. 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 $740,000 on January 1, 2019 at an issue price of $680,186. Note: Enter debits before credits. Date January 01 General Journal Debit Credit Record entry Clear entry View general journal