This was posted before and it wasn't explained plus they gave the wrong answers. I know its a lot. im sorry/ Please help

Question 7 is a different problem

3 Required information The following information applies to the questions displayed below.) Legacy issues $560,000 of 9.0%, four-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and Part 1 of 4 December 31, They are issued at $507,831 and their market rate is 12% at the issue date. 1.25 points Required 1. Prepare the January 1, 2017, journal entry to record the bonds' issuance. eBook View transaction list Ask Journal entry worksheet Print Record the issue of bonds with a par value of $560,000 cash on January 1, 2017 at an issue price of $507,831. Note: Enter debits before credits. Date General Journal DebitCredit T 50,783,100 5,216,900 Jan 01, 2017 Cash iscount on bonds payable Bonds payable 56,000,000