E10-12 (Supplement 10B) Recording the Effects of a Premium Bond Issue and First Interest Period (Effective-Interest Amortization) [LO 10-S2] Grocery Corporation received S300,328 for 11 percent bonds issued on January 1, 2015, at a market interest rate of 8 percent. The bonds had a total face value of $250,000, stated that interest would be paid each December 31, and stated that they mature in 10 years. Assume Grocery Corporation uses the effective-interest method to amortize the bond premium. Required: 1.&2. Complete 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 Record the issuance of bonds of face value of $250,000 for $300,328 Note: Enter debits before credits. Date General Journal Debit Credit January 01 Record entry Clear entry View general journal