On January 1, when the market interest rate was 10 percent, Seton Corporation completed a $110,000,9 percent bond issue for $103,237. The bonds pay interest each December 31 and mature in 10 years. Assume Seton Corporation uses the effective-interest method to amortize the bond discount. quired: 8 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 Joumal 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 $103,237 with a face value of $110,000. Note: Enter dehls befere Grediti 1. \& 2. Prepare the required journal entries to record the bond issuance and the first interest payment required for a transaction/event, select "No Journal Entry Required" in the first account field. nearest whole dollar.) Journal entry worksheet Record the interest payment on December 31. Note: Enter debits before credits