ing the Erects of a Premlum Bond Isse and First Interest Period (Straight-Line Amortizat Grocery Corporation received $316,190 for 9.00 percent bonds issued on January 1, 2015, 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. 1. &2. ete 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 2 Record the issuance of bonds for $316,190 with a face value of $259,000. Note: Enter debits before credits Date General Journal Debit Credit January 01 Cash 316,190 Bonds Payable Premium on Bonds Payable 57,190