Stellar Co. is building a new hockey arena at a cost of $2,600,000. It received a downpayment of $460,000 from local businesses to support the project, and now needs to borrow $2,140,000 to complete the project. It therefore decides to issue $2,140,000 of 12.0%, 10-year bonds. These bonds were issued on January 1, 2024, and pay interest annually on each January 1. The bonds yield 11%. Click here to view factor table. (a) Prepare the journal entry to record the issuance of the bonds on January 1, 2024. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places, e.g. 58,971. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Date Account Titles and Explanation January 1, 2024 Debit Credit

Stellar Co. is building a new hockey arena at a cost of $2,600,000. It received a downpayment of $460,000 from local businesses to support the project, and now needs to borrow $2.140,000 to complete the project it therefore decides to isser. $2.140,000 of 12.0%,10-year bonds. These bonds were issued on January 1,2024, and pay interest annually on each January 1. The bonds yield 11x. Clickhere ro view lactor table. (a) Prepare the journal entry to record the issuance of the bonds on January 1,2024, (Round present value foctor calculations to 5 decimal ploces, es. 1.25124 and the final answer to 0 decimal places, es, 58,971. If no entry is required, select "No Entry" for the dccount. titles and enter 0 for the amounts. Credit account tities are automatically indented when the amouint is entered. Do not indent manualfy. Ust all debit entries before credit entries.) Prepare the journal entry to record the issuance of the bonds on January 1,2024. (Round present value foctor calculations to 5 decimal places, eg. 1.25124 and the final answer to 0 declmat places, es. 58,971. If no entry Is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.]