QS 10-4 Journalizing bond issuance LO P1 Garcia Company issues 9.50%, 15-year bonds with a par value of $410,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 7.50%, which implies a selling price of 115 1/4 Prepare the journal entry for the issuance of these bonds. Assume the bonds are issued for cash on January 1 View transaction list Journal entry worksheet Record the issue of bonds with a par value of $410,000. Record the issue of bonds with a par value of $410,000. Note: Enter debits before credits Date General Journal Debit Credit 1/1 Record entry Clear entry View general Journal