QS 10-7 (Algo) Journalizing discount bond issuance LO P2 Enviro Company issues 10%,10-year bonds with a par value of $250,000 and semlannual interest payments. On the issue date, the annual market rate for these bonds is 12%, which implies a selling price of 881/2. Prepare the journal entry for the issuance of the bonds for cash on January 1 . Journal entry worksheet Pecord the issue of bonds with a par value of $250,000. Wotet fnter inbits befort mredith