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 bonds for cash on January 1, View transactions Journal entry worksheet 1 Record the issue of bonds with a par value of $240,000 Note En bit before credits General Journal Debit Jan 03