The Paisiey Corporation will finance an acquisition by selling a bond. On January 1, 20x2, Paisley sold a six-year, $200,000 bond with a 7% coupon rate. At the time of the sale current interest rates were 5%. The bond makes the annual payment on December 31 of each year. Record the journal entry to sell the bond Record the journal entry to record the annual payment Journal entry worksheet What is the joumal entry to record the bond issue? Note: Enter debits before credits