Grocery Corporation received $300,328 for 11 percent bonds issued on January 1,2021 , at a market interest rate of 8 percent, The bonds had a total face value of $250,000, stated that interest would be paid each December 31 , and stated that they mature in 10 years. Assume Grocery Corporation uses the effective-interest method to amortize the bond premium. Required: 1. \& 2. Prepare the required journal entries to record the bond issuance and the first interest payment on December3t (if no ontry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answert to the nearest whole dollar.) Journal entry worksheet 2 Record the issuance of bonds with a face value of $250,000 for $300,328 Grocery Corporation recelved $300,328 for 11 percent bonds issued on January 1,2021 , at a market interest rate of 8 percent. The bonds had a total face value of $250,000, stated that interest would be paid each December 31 , and stated that they mature in 10 years. Assume Grocery Corporation uses the effective-interest method to amortize the bond premium. Required: 1. \& 2. Prepare the required joumal entries to record the bond issuance and the first interest payment on December 31 . (If no entry is required for a transaction/event, select "No Journol Entry Required" in the first account field. Round your onswers to the nearest whole dollar.)