Enviro Company issues \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 \\( 881 / 2 \\). Prepare the journal 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 \\( \\$ 240,000 \\). Note: Enter debits before credits