A company issued 10-year, 9% bonds, with a par value of $500,000 when the market rate was 9.5%. The issuer received $484,087 in cash proceeds. Prepare the issuer's journal entry to record the issuance of the bonds.A company has $200,000 par value, 10% bonds outstanding. Prepare the company's journal entry to retire the bonds at the date of maturity.