QS 10-7 (Algo) Journalizing discount bond issuance LO P2 Enviro Company Issues 8%, 10-year bonds with a par value of $310,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 10%, which implies a selling price of 87 1/2. Prepare the journal entry for the issuance of the bonds for cash on January 1. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $310,000. Note Enter debits before credits. Date January 011 General Journal Debit Credit < Prev 2 of 15 Next > Chec