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2 Grocery Corporation received $330,653 for 9.50 percent bonds issued on January 1, 2018, at a market interest rate of 6.50 percent. The bonds had a total face value of $272,000, stated that interest would be paid each December 31, and stated that they mature in 10 years. Assume Grocery Corporation uses the effective interest method to amortize the bond premium. 3 points 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.) eBook dor Hint View transaction list Print Journal entry worksheet References Record the issuance of bonds for $330,653 with a face value of $272,000. Note: Enter debits before credits. Date General Journal Debit Credit January 01 330,653 Cash Bonds Payable Premium on Bonds Payable 272,000 Record entry Clear entry View general journal