On January 1, when the market interest rate was 9 percent Seton Corporation completed a $200,000, 8 percent bond issue for $187163. 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 Recoiing tme Efects ofa Preparing a Dscoun 2.00 points E10-15 Part 1 and 2 Requined 1.. Complete 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 Reoand the issuance of bonds for $187 163 January 01