Grocery Corporation received $300,653 for 12.50 percent bonds issued on January 1, 2021, at a market interest rate of 9.50 percent. The bonds had a total face value of $253,000, stated that interest would be paid each December 31, and stated that they mature in 10 years. Assume Grocery Corporation uses the straight-line 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 December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest whole dollar.) View transaction list Journal entry worksheet 1 2 > Record the issuance of bonds for $300,653 with a face value of $253,000. Note: Enter debits before credits. Date General Journal Debit Credit January 01 View transaction list Journal entry worksheet