On January 1 2013 ABC Company issued 8% bonds dated January 12013 which have a f

On January 1 2013 ABC Company issued 8% bonds dated January 12013 which have a face amount of 10 million. The bonds mature in2025. The market rate of interest is 10%. The interest is paid onJune 30 and December 31. Prepare the journal entry to record theissuance by ABC Company on January 1 2013.