Grocery Corporation recelved $321,951 for 11.00 percent bonds issued on January 1, 2021, at a market interest rate of 8.00 percent. The bonds had a total face value of $268,000, stated that interest would be pald each December 31 , and stated that they mature in 10 years. Assume Grocery Corporation uses the effective-interest method to amortize the bond premium. Requlred: 1. \& 2. Prepare the required joumal entrles to record the bond issuance and the first interest payment on December 31. (if no entry is required for o tronsection/event, select "No Joumal Entry Requlred" in the flist account fleid. Round your answers to the nearest whole dollar.) Journal entry worksheet 2 Record the issuance of bonds with a face value of $268,000 for $321,951. loster fntht debits befare credits Journal entry worksheet Record the interest payment on December 31. Notet Enter debits before credits