P10-8 (Static) (Chapter Supplement) Recording and Reporting a Bond Issued at a Discount (without Discount Account) LO10-4 [The following information applies to the questions displayed below.] Claire Corporation is planning to issue bonds with a face value of $100,000 and a coupon rate of 8 percent. The bonds mature in two years and pay interest quarterly every March 31, June 30, September 30, and December 31. All of the bonids were sold on January 1 of this year. Claire uses the effective-interest amortization method and does not use a discount account. Assume an annual market rate of interest of 12 percent. (EV of \$1. PV of \$1. EVA of \$1. and PVA of \$1) Note: Use appropriate factor(s) from the tables provided. 910-8 Part 1 Required: 1. Provide the journal entry to record the issuance of the bonds. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your fina! answers to nearest whole dollar amount