Required information [The following information applies to the questions displayed below] Enviro Company issues 10%, 10-year bonds with a par value of $290,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 12%, which implies a selling price of 88 1/2 Prepare the journal entry for the issuance of the bonds. Assume the bonds are issued for cash on January 1, 2017. View transaction list Journal entry worksheet < 1 Record the issue of bonds with a par value of $290,000, Note: Enter debits before credits Date Jan 01, 2017 General Journal Debit Credit