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 $150,000,7 percent bond issue for $130,746. The bonds pay interest each December 31 and mature in 10 years. Seton amortizes the bond discount using the straight-line method. equired: \& 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.) Journal entry worksheet Record the issuance of bonds for $130,746 with a face value of $150,000. Note: Enter debits before credits