Required information The following information applies to the questions displayed below.) Enviro Company issues 10%, 10-year bonds with a par value of $250,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 12%, which implies a selling price of 88 12. 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 $250,000. Note: Enter debits before credits General Journal Debit Credit Date Jan 01, 2017 Cash Discount on bonds payable