QS 14-2 Journalize bond issuance LO P1 Prepare the journal entries for the issuance of the bonds. Assume the bonds are issued for cash on January 1, 2015. Enviro Company issues 8%, 10-year bonds with a par value of $170,000 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. Date General Journal Debit Credit No Jan 01, 2015 Cash 87 Discount on bonds payable 169.913 70,000 eBook & Resources eBook: Issuing Bonds at Par References Worksheet Difficulty: 2 Medium