Smiley Corporation wholesales repair products to equipment manufacturers. On April 1, Year 1, Smiley issued $3,400,000 of 6-year, 7% bonds at a market (effective) interest rate of 5%, receiving cash of $3,748,765. Interest is payable semiannually on April 1 and October 1. a. Journalize the entry to record the issuance of bonds on April 1, Year 1. If an amount box does not require an entry, leave it blank 001