8% 10years par value 310,000 semiannual interest payments market rate 10% selling price of 87.5

Saved Help Enviro Company issues 8%, 10-year bonds with a par value of $310,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10%, which implies a selling price of 87 1/2 Prepare the journal entry for the issuance of the bonds for cash on January 1 View transaction list Journal entry worksheet Record the issue of bonds with a par value of $310,000. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01 Record entry Clear entry View general journal