A corporation issues 13 %, 15-year bonds with a par value of $570,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 11%, which implies a selling price of 111 1/2. Prepare the journal entry for issuance of these bonds for cash on January 1. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $570,000 at a selling price of 111 1/2. Note: Enter debits before credits. Date January 01 General Journal Debit Credit Record entry Clear entry View generaliournal