Grocery Corporation received $315,982 for 10.00 percent bonds issued on January 1, 2021, at a market interest rate of 700 percent The bonds had a total face value of $261,000 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 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 dollor.) View transaction list Journal entry worksheet 1 2 > Ees Record the issuance of bonds with a face value of $201,000 for $315,982 Note Enter debts before credits General Journal Debit Credit Date January 01 Record entry Clear entry View general Journal Journal entry worksheet Record the interest payment on December 31. Note: Enter debits before credits. General Journal Debit Credit Date December 31