Grocery Corporation received $330,653 for 9.50 percent bonds issued on January 1, 2018, at a market interest rate of 6.50 percent. The bonds had a total face value of $272,000, 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 dollar.) View transaction list Journal entry worksheet Record the interest payment on December 31 Note: Enter debits before credits. DebitCredit Date General Journal December 31 Interest Expense 21,492 mium on Bonds Payable ash