On january 1, year 1, mcclurg corporation issues 5%, 11-year bonds with a face amount of $70,000 for $76,180. the market interest rate is 4%. interest is paid semiannually on june 30 and december 31. complete the necessary journal entry for the issuance of the bonds by selecting the account names from the drop-down menus and entering the associated dollar amounts. (if no entry is required for a particular transaction/event, select "no journal entry required" in the first account field.)