Garcia Company issues 11.0%, 15-year bonds with a par value of $260,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 9.0%, which implies a selling price of 116 1/4 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 $260,000 at a selling price of 116 1/4, Note: Enter debts before credits. Date Jan 01 General Journal Debit Credit < Prev 5 of 5 Next 8:25 PM