Garcia Company issues 12.0%, 15-year bonds with a par value of $460,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10.0%, which implies a selling price of 113 1/4. Prepare the journal entry for the issuance of these bonds for cash on January.1. View transaction list View journal entry worksheet No 1 Date January 01 Cash General Journal Debit

Garcia Company issues \12.0-year bonds with a par value of \\( \\$ 460,000 \\) and semiannual interest payments. On the issue date, the annual market rate for these bonds is \10.0, which implies a selling price of \\( 1131 / 4 \\). Prepare the journal entry for the issuance of these bonds for cash on January.1