Grocery Corporation received $316,190 for 9.00 percent bonds issued on January 1, 2021, at a market interest rate of 6.00 percent. The bonds had a total face value of $259,000, 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.) Answer is complete but not entirely correct. No 1 Date January 01 Cash Premium on Bonds Payable Bonds Payable 2 December 31 Interest Expense Premium on Bonds Payable General Journal Debit Credit Cash 000 000 316,190 57,190 259,000 18,971 4,339 23,310