B Print E10-11 (Algo) (Supplement 10A) Recording the Effects of a Premium Bond Issue and First Interest Period (Straight-Line Amortization) [LO 10-S1] Grocery Corporation received $321,953 for 11.50 percent bonds issued on January 1, 2021, at a market interest rate of 8.50 percent. The bonds had a total face value of $269,000, stated that interest would be paid each December 31, and stated that they mature in 10 years. Assume Grocery Corporation uses the straight-line method to amortize the bond premium. Required: 1. & 2. Prepare the required journal entries to record the bond issuance and the first interest payment on December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest whole dollar.) View transaction list Journal entry worksheet 2 Record the issuance of bonds for $321,953 with a face value of $269,000. Note: Enter debits before credits. Date. January 01 General Journal Debit Credit Journal entry worksheet 1 2 Record the interest payment on December 31. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Record entry Clear entry View general journal