Enviro Company Issues $10\%,10-$year bonds with a par value of $$300,000$ and semlannual interest payments. On the Issue date, the annual market rate for these bonds is $12\%,$ which Implies a selling price of $\frac{881}{2}$

Prepare the Joumal entry for the issuance of the bonds for cash on January $1.$

Journal entry worksheet

Record the issue of bonds with a par value of $$300,000,$

Note: Enter deblts before credits: