Garcia Company issues 13.5%, 15-year bonds with a par value of $490,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 11.5%, which implies a selling price of 112 1/4 Prepare the journal entry for the issuance of these bonds for cash on January 1. View transaction list Journal entry worksheet > 1 Record the issue of bonds with a par value of $490,000 at a selling price of 112 1/4. Record the issue of bonds with a par value of $490,000 at a selling price of 112 1/4. ok t Note: Enter debits before credits. at Date General Journal Debit Credit nces Jan 01 Record entry Clear entry View general journal