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On January 1 , 2 0 1 9 , Hackman Corporation issued $ 6 0 0 , 0 0 0 face value 6 % bonds

On January 1,2019, Hackman Corporation issued $600,000 face value 6% bonds dated January 1,2019, for $621,430. The bonds pay interest semiannually on June 30 and December 31 and are due December 31,2023. Hackman uses the straight-line amortization method.
 
 
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Record the issuance of the bonds and the first two interest payments.

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