Question: On January 1 , 2 0 1 9 , Hackman Corporation issued $ 1 , 4 0 0 , 0 0 0 face value 1

On January 1,2019, Hackman Corporation issued $1,400,000 face value 12% bonds dated January 1,2019, for $1,423,060. The bonds pay interest
semiannually on June 30 and December 31 and are due December 31,2023. Hackman uses the straight-line amortization method.
Required:
Record the issuance of the bonds and the first two interest payments.
On January 1,2019, Hackman Corporation issued $1,400,000 face value 12% bonds

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