On January 1, when the market interest rate was 9 percent, Seton Corporation completed a $230,000, 8 percent bond issue for $215,238. 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. 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 issuance of bonds for $215,238 with a face value of $230,000. Note: Enter debits before credits. Date General Journal Debit Credit January 01 Journal entry worksheet Record the interest payment on December 31. Note: Enter debits before credits. Date General Journal Debit Credit December 31