Enviro Company issues 8%, 10 -year bonds with a par value of $270,000 and semlannual interest payments. On the issue date, the annual market rate for these bonds is 10%, which implies a selling price of 8712 . 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 $270,000. Note: Enter debuts before credits