5 QS 10-6 Journalizing premium bond issuance LO P3 Garcia Company issues 11.5%, 15-year bonds with a par value of $450,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 9.5%, which implies a selling price of 113 3/4. nts Prepare the journal entry for the issuance of these bonds for cash on January 1. eBook View transaction list Hint Journal entry worksheet Ask Record the issue of bonds with a par value of $450,000 at a selling price of 113 3/4. eferences Note: Enter debits before credits. Date General Journal Debit Credit Jan 01 Record entry Clear entry View general journal