Problem 10-10AB (Algo) Effective Interest: Amortization of bond LOP5 The following information applies to the questions displayed below) Ike issues $230,000 of 9%, three-year bonds dated January 1, 2020, that pay interest semiannually on June 30 and December 31. They are issued at $236,025 when the market rate is 8%. Problem 10-10AB (Algo) Part 1 Required: 1. Prepare the January 1 Journal entry to record the bonds issuance. View transaction list Journal entry worksheet 1 Record the issue of bonds with a par value of $230,000 on January 1, 2020 at an issue price of $236,025. Note: Enter debits before credits General Journal Dobit Credit Dato January 01