Question: Help ASAP please Prepare the journal entry for the issuance of these bonds. Assume the bonds are issued for cash on January 1, 2017 Garcia

Help ASAP please

Prepare the journal entry for the issuance of these bonds. Assume the bonds are issued for cash on January 1, 2017 Garcia Company issues 10% 15 year bonds with a par value of $240,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8%, which implies a selling price of 117 54 View transaction list Journal entry worksheet Record the issue of bonds with a par value of $240,000 Note: Enter debits before credits an 01, 2017 00rd entry Clear entry View genaral journal

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