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Grocery Corporation received $330,839 for 9.00 percent bonds issued on January 1,2021 , at a market interest rate of 6.00 percent. The bonds had a

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Grocery Corporation received $330,839 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 $271,000, 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.) Journal entry worksheet Record the issuance of bonds with a face value of $271,000 for $330,839. Fiotet Enter debits bofore credits. Journal entry worksheet Record the interest payment on December 31 . Note: Enter debits before credits. Grocery Corporation received $330,839 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 $271,000, 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.) Journal entry worksheet Record the issuance of bonds with a face value of $271,000 for $330,839. Fiotet Enter debits bofore credits. Journal entry worksheet Record the interest payment on December 31 . Note: Enter debits before credits

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