ces QS 10-6 Journalizing premium bond issuance LO P3 Garcia Company issues 12.0%, 15-year bonds with a par value of $460,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10.0%, which implies a selling price of 113 1/4. Prepare the journal entry for the 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 $460,000 at a selling price of 113 1/4. Note: Enter debits before credits. Date Jan 01 General Journali Debit Credit Record entry Clear entry View general journal