Required information [The following information applies to the questions displayed below] On January 1, when the market interest rate was 9 percent, Seton Corporation completed a $230,000, 8 percent bond issue for $215,238. The bonds pay interest each December 31 and mature in 10 years. Seton amortizes the bond discount using the straight-line method. d Required: 1. & 2. Prepare the required journal entries to record the bond issuance and the first interest payment on December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to the nearest whole dollar) Date No 1 Credit January 01 General Journal Cash Discount on Bonds Payable Bonds Payable OOO Debit 215,238 14,762 230,000 2 December 31 19,3713 Interest Expense Discount on Bonds Payable Cash O 971 18,400