Enviro Company issues 10%, 10-year bonds with a par value of $260,000 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 transaction list Journal entry worksheet Record the issue of bonds with a par value of $260,000. Note: Enter debits before credits. General Journal Debit Credit Date Jan 01 Record entry Clear entry View general journal