Venezuela Co. is building a new hockey arena at a cost of $2,697,000. It received a downpayment of $516,000 from local businesses to support the project, and now needs to borrow $2,181,000 to complete the project. It therefore decides to issue $2,181,000 of 11%, 10 year bonds. These bonds were issued on 2013, and pay interest annually on each January 1. The bonds yield 10%. Venezuela paid $59,600 in bond issue costs related to the bond sale January 1, (a) Prepare the journal entry to record the issuance of the bonds and the related bond issue costs incurred on January 1, 2013. (Round answers to o decimal places, e.g. 38,548. 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 amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation January 1, 201 Cash 2255303 T 59600 T Unamortized Bond Issue C T Bonds Payable 2181000 133903 Premium on Bonds Pay