Wildhorse Company issued $$410,000,10\%,10-$year bonds on January $1,2022,$ for $$436,312.$ This price resulted in an effectiveinterest rate of $9\%$ on the bonds. Interest is payable annually on January $1.$ Wildhorse uses the effective$-$interest method to amortize bond premium or discount.

$($a$)$

Prepare the journal entry to record the issuance of the bonds. $($Credit account titles are automatically indented when amount is entered. Do not indent manually.$)$

Date

Account Titles and Explanation

Debit

Credit

Jan. $1,$

$2022$