Check my work 7 QS 10-8 (Algo) Journalizing premium bond issuance LO P3 0.68 points Garcia Company issues 10,5%, 15-year bonds with a par value of $250,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8.5%, which implies a selling price of 116 3/4. Prepare the journal entry for the issuance of these bonds for cash on January 1 cBook View transaction list Ent Journal entry worksheet Print Record the issue of bonds with a par value of $250,000 at a selling price of 116 3/4 U References Note: Enter debits before credits Date General Journal Debit Credit January 01 Record entry Clear entry View general journal