Qs 10-4 Journalizing bond issuance P1 Garcia Company issues annual market rate for these bonds is 8%, which implies a selling price of I i744 Prepa bonds. Assume the bonds are issued for cash'on January 1. 2017. 10%, 15-year bonds with a par value of $240,000 and semiannual interest payments. On the issue date, the re the journal entry for the issuance of these Page 474