Prepare the journal entry for the issuance of these bonds. Assume the bonds are issued for Garcia Company issues 8.50%, 15-year bond annual market rate for these bonds is 6.50%, which implies a selling price of 114 12 s with a par value of $300,000 and semiannual interest payments. On the issue date, the Journal entry worksheet Record the Issue of bonds with a par value of $300,000. Note: Enter debits before credits. Date DebitCredit General Journal Jan 01, 2017 Next > Prev 1 of 15