Enviro Company issues 8%, 10-year bonds with a par value of $320,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10%, which implies a selling price of 87 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 $320,000. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01 Record entry Clear entry View general journal Enviro Company issues 8%, 10-year bonds with a par value of $320,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10%, which implies a selling price of 87 1/2. Prepare the journal entry for the issuance of the bonds for cash on January 1. View transaction list Journal entry worksheet Accounts payable Record the issue Accounts receivable Accumulated depreciation Bond interest expense Note: Enter debits bef Bond interest payable bit Credit Date Jan 01 Rondo navabla Record entry Clear entry View general journal Enviro Company issues 8%, 10-year bonds with a par value of $320,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10%, which implies a selling price of 87 1/2. Prepare the journal entry for the issuance of the bonds for cash on January 1. View transaction list Journal entry worksheet Bonds payable Record the issue Cash Common stock Contributed capital in excess of par value Depreciation expense Note: Enter debits bef Discount on bonds payable abit Credit Date Jan 01 Record entry Clear entry View general journal Enviro Company issues 8%, 10-year bonds with a par value of $320,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10%, which implies a selling price of 87 1/2. Prepare the journal entry for the issuance of the bonds for cash on January 1. View transaction list Journal entry worksheet Gain on retirement of bonds payable Record the issue Interest payable Lease liability Leased asset Note: Enter debits bef Loss on retirement of bonds payable Date bit Credit Jan 01 Record entry Clear entry View general journal Enviro Company issues 8%, 10-year bonds with a par value of $320,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10%, which implies a selling price of 87 1/2. Prepare the journal entry for the issuance of the bonds for cash on January 1. View transaction list Journal entry worksheet Lease liability Record the issue Leased asset Loss on retirement of bonds payable Note: Enter debits bef Premium on bonds payable Rental expense Date bit Credit Jan 01 Record entry Clear entry View general journal