Victoria Aerospace Inc. raised $9,371,338 by selling $9,000,000 of​ six-year, 10​% bonds dated January​ 1, 2023. Victoria used part of the proceeds to pay its investment​ bank's fee of $600,000 and related legal and accounting fees of $400,000. Interest is payable on June 30 and December 31 each year. Victoriacan call the bonds on January​ 1, 2026​, at 103.The company exercises this​ privilege, redeeming 20​% of the bonds on the call date and retiring them. The​ company's year-end date is December 31.
Prepare journal entries to record the issuance of the bonds on January 1, 2023.