Required Information The following information apples to the questions displayed below] On January 1, when the market interest rate was 9 percent, Seton Corpocation completed a $150,000,8 percent, bond Issue for $140,372 The bonds pay interest each December 31 and mature in 10 years. Assume Seton Corporation uses the effective-interest method to amortize the bond discount. Required: 1. 2 Prepare the requited journal entries to record the bond issuance and the first interest payment on December 31 , lif no entry is required for a transaction/event, select "No Journal Entry Required" In the first occount fleld. Round your answers to the nearest whole dollar.) Journal entry worksheet 2. Ficord the istuance of bondi for $140,372 with a foce value of $130,000