Garcia Company issues 12.5%, 15-year bonds with a par value of $470,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10.5%, which implies a selling price of 113 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 $470,000 at a selling price of 113. Note: Enter debits before credits General Journal Debit Credit Date Jan 01