Required information [The following information applies to the questions displayed below.] Legacy issues $650,000 of 5.0%, four-year bonds dated January 1,2021 , that pay interest semiannually on June 30 and December 31. They are issued at $584,361 when the market rate is 8%. equired: Prepare the January 1 journal entry to record the bonds' issuance. Journal entry worksheet Record the issue of bonds with a par value of $650,000 on January 1,2021 at an issue price of $584,361. Note: Enter debits before credits