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 118.1/4. Prepare the journal entry for the issuance of these bonds for cash on January 1. Record the issue of bonds with a par value of $350,000 at a selling price of 1181/4 Note: Enter debits before credits