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 $260,000, 8 percent bond issue for $243,312. 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 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.) View transaction ist Journal entry worksheet 2 Record the issuance of bonds for $243,312 with a face value of $260,000. Nata Enter de barched Date General Journal Debit January 01 Record Clear entry View recal journal