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please show work QS 10-5 Journalizing discount bond issuance LO P2 Enviro Company issues 10%, 10-year bonds with a par value of $250.000 and semiannual

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QS 10-5 Journalizing discount bond issuance LO P2 Enviro Company issues 10%, 10-year bonds with a par value of $250.000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 12%, which implies a selling price of 88 12. Prepare the journal entry for the Issuance of the bonds for cash on January 1 View transaction is Journal entry worksheet 1 Record the issue of bonds with a par value of $250,000 Cits before credit Date Jan on General Journal Debit Credit

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