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 $316,190 for 9.00 percent bonds issued on January 1, 2021, at a market interest rate of 6.00 percent. The bonds had a total face value of $259,000, 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 interest payment on December 31.1 Note: Enter debits before credits. Date December 31 General Journal Debit Credit