Garcia Company issues 10%, 15-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 8%, which implies a selling price of 117 14. Prepare the journal entry for the issuance of these bonds for cash on January 1. View transaction list Journal entry worksheet 1 Record the issue of bonds with a par value of $240,000 at a selling price of 117 %. Note: Enter debits before credits. Date January 01 Record entry General Journal Clear entry Debit Credit View general Journal

Garcia Company issues 10%, 15 -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 8%, which implies a selling price of 117%. Prepare the joumal entry for the issuance of these bonds for cash on January 1 . Journal entry worksheet Record the issue of bonds with a par value of $240,000 at a selling price of 117M. Notei Enter debits before credits