Garcia Company issues 11.5%, 15-year bonds with a par value of $360.000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 9.5%, which implies a selling price of 1173/4. Prepare the journal 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 $360,000 at a selling price of 1173/4 Note Lnter debus befcere oredits