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 $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 required journal entries to record the bond issuance and the first interest payment on December at if no entry lit required for o transaction/event, select "No Journal Entry Required" in the first occount field. Round your answers to the neorest whole doller.) Journal entry worksheet 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 $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 required journal entries to record the bond issuance and the first interest payment on December 31. (if no enthin required for o transaction/event, select "No Journol Entry Required" in the first account field. Round your onswers to thre nearest whole doller.) Journal entry worksheet