Garcia Company issues 8.5%, 15 -year bonds with a par value of $300,000 and semionnual interest payments, On the issue date, the annual market rate for these bonds is 6.5%, which implies a selling price of 1141/2. 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 $300,000 at a seling price of 1141/2. Note: Enter debits before credits