Wildhorse. Water Company Ltd$.$ needed to raise $$72$ million of additional capital to finance the expansion of its bottled water facility. After consulting an investment banker, it decided to issue bonds. The bonds had a face value of $$72$ million and an annual interest rate of $4\mathrm{.}5\%,$ paid semi$-$annually on June $30$ and December $31,$ and will reach maturity on December $31,2034.$ The bonds were issued at $96\mathrm{.}1$ on January $1,2025,$ for $$69,192,000,$ which represented a yield of $5\%.$

$($b$)$

Show the journal entry to record the issuance of the bonds. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. List debit entry before credit entry.$)$

Account Titles and Explanation

Debit

Credit