QS 108 (Algo) Journalizing premium bond issuance LO P3 Garcla Company Issues 11.5%, 15-year bonds with a par value of $270,000 and semlannual Interest payments. On the Issue date, the annual market rate for these bonds is 9.5%, which implies a selling price of 1153/4. Prepare the Journal entry for the Issuance of these bonds for cash on January 1. Journal entry worksheet Record the issue of bonds with a par value of $270,000 at a selling price of 1153/4. Note: Enter debits before credits