Grocery Corporation received $322,036 for 10.00 percent bonds issued on January 1, 2015, at a market interest rate of 7.00 percent. The bonds had a total face value of $266,000, 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. Complete 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.)