The following information applies to the questions displayed below On January 1, when the market interest rate was 10 percent, Seton Corporation completed a $300,000, 9 percent bond issue for $281,554. 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. Complete the required jounal entries to record the bond issuance and the first interest payment on equired" in the first account field. Round your answers to the nearest whole dollar.) December 31. (If no entry is required for a transactionlevent, select "No Journal Entry View transaction list Journal entry worksheet Record the issuance of bonds for $281,554 with a face value of $300,0o Note: Enter debits before credits. Date General Journal Debit Credit January 01 Record entry Clear entry View general journal