Required information The following information applies to the questions displayed below.) Legacy issues $590,000 of 7.5%, four-year bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. They are issued at $542,310 and their market rate is 10% at the issue date. Required: 1. Prepare the January 1, 2015, journal entry to record the bonds' issuance. View transaction list Journal entry worksheet