Enviro Company issues 10% 10-year bonds with a par value of $240,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 12%, which implies a selling price of 88 12. Prepare the journal entry for the issuance of the bands for cash on January 1 View transaction first Journal entry worksheet Record the issue of bonds with a par value of $240,000 Edebit before credite General Journal Debit Credit Jan of P Nexd