Garcia Company issues 9.5%, 15-year bonds with a par value of $410,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 7.5%, which implies a selling price of 115 1/4. 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 $410,000 at a selling price of 115 1/4. Note: Enter debits before credits. Date General Journal Debit Credit Jan 01 Record entry Clear entry View general journal