E-Tech Initiatives Limited plans to issue $400,000, 10-year, 4 percent bonds. Interest is payable annually on December 31. All of the bonds will be issued on January 1, 2019. Show how the bonds would be reported on the January 2, 2019, balance sheet if they are issued at 98. (Deductions should be indicated by a minus sign.) E-TECH INITIATIVES LIMITED Balance Sheet (partial) As of January 2, 2019 Carrying Value Required information (The following information applies to the questions displayed below.) Schlitterbahn Waterslide Company issued 40,000, 10-year, 8 percent, $100 bonds on January 1 at face value. Interest is payable each December 31. (a) The issuance of these bonds on January 1. (b) The first interest payment on December 31. 2. Prepare the journal entries related for the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Schlitterbahn Waterslide Company issued 40,000, 10-year, 8 percent, $100 bonds on January 1 at face value. Interest is payable each December 31. Record the issuance of 40,000 bonds at face value for $100 each. Note: Enter debits before credits. Date General Journal Debit Credit January 01 Record entry Clear entry View general journal