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 $200,000,8 percent bond issue for $187,163. The bonds pay interest each December 31 and moture in 10 years. Assume Seton Corporation accounts for the bond using the simplified effective-interest method. quired: 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 $187,163 with a face value of $200,000. Note: Enter debits before credits. Journal entry worksheet Record the interest payment on December 31. Note: Enter debits before credits