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Enviro Company issues 10%, 10-year bonds with a par value of $380,000 and semiannual interest payments. On the issue date, the annual market rate for

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Enviro Company issues 10%, 10-year bonds with a par value of $380,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 12%, which implies a selling price of 88 1/2. Prepare the journal entry for the issuance of the bonds for cash on January 1. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $380,000. Note: Enter debits before credits. General Journal Debit Credit Date Jan 01 Record entry Clear entry View general journal

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