Required information [The following information applies to the questions displayed below.) Legacy issues $640,000 of 8.5%, four-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $570,443 when the market rate is 12%. Required: 1. Prepare the January 1 journal entry to record the bonds' issuance. Record the issue of bonds with a par value of $640,000 on January 1, 2019 at an issue price of $570,443. Note: Enter debits before credits. Date General Journal Debit Credit January 01 Record entry Clear entry View general journal