Enviro Company issues 8%, 10-year bonds with a par value of $220,000 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 1 Record the issue of bonds with a par value of $220,000. Note: Enter debits before credits Date Jan 01 General Journal Debit Credit