Check my w Required information P10-11 (Algo) Recording and Reporting a Bond Issued at a Premium (with Premium Account) LO10-5 [The following information applies to the questions displayed below) Serotta Corporation is planning to issue bonds with a face value of $380,000 and a coupon rate of 12 percent. The bonds mature in two years and pay interest quarterly every March 31, June 30, September 30, and December 31. All of the bands were sold on Jariuary 1 of this year, Serotta uses the effective interest amortization method and also uses a premium account. Assume an annual market rate of interest of 8 percent. (EV of $1. PV of $1. EVA of S1, and PVAS Use the appropriate factor(s) from the tables provided.) P10-11 Part 1 1. Provide the journal entry to record the issuance of the bonds January 1 (if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your final answers to nearest whole dollar amount.) OS View transaction list Journal entry worksheet Record the issuance of the bonds on January 1. Note: Enter debits before credits Debit Credit General Jounal Date Score answer > of 10 5 6 7