Wildhorse Company issued $752,000 of 7%, 5-year bonds on January 1, 2024. The bonds pay interest annually. Click here to view the factor table. Present Value of 1 Click here to view the factor table. Present Value of an Annuity of 1 (a) Your answer is correct. Assuming the market interest rate on January 1, 2024, was 8%, calculate the bond's issue price. (For calculation purpos decimal places as displayed in the factor table provided. Round answer to 0 decimal places, e.g. 1,575.) Bond issue price $ 721975 (c) Your answer is partially correct. Prepare the entry for the first interest payment. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to O decimal places, e.g. 5,275.) Date Account Titles an. 1, 2025 Interest Expense Cash Bonds Payable eTextbook and Media Debit 52640 Credit 52640