Garcia Company issues 11.0%, 15-year bonds with a par value of $350,000 and semiannual interest payments. On the issue date.the annual market rate for these bonds is 9.0%, which implies a selling price of 118 14. Prepare the journal entry for the issuance of these bonds for cash on January 1 View transaction list Journal entry worksheet Record the issue of bonds with a par value of $350,000 at a selling price of 118 1/4. Note: Enter debits before credits Dobit Credit General Journal Date Jan 01 View general journal Clear entry Record entry