E10-11 (Algo) (Supplement 10A) Recordlng the Effects of a Premlum Bond Issue and Flrst Interest Perlod (Stralght-Line Amortization) [LO 10-S1] Grocery Corporation received $300,812 for 13.00 percent bonds issued on January 1, 2021, at a market interest rate of 10.00 percent. The bonds had a total face value of $254,000, 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 Prepore the required journol 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 Requlred" In the first account field. Round your answers to the nearest whole dollar.) Journal entry worksheet 2 Record the issuance of bonds for $300,812 with a face value of $254,000. Note: Enter debits before credits. Journal entry worksheet Record the interest payment on December 31. Note: Enter debits before credits