Saved Help Save & Exit Subn Check my work Grocery Corporation received $321,951 for 11.00 percent bonds issued on January 1.2018, at a market interest rate of 8 00 percent The bonds had a total face value of $268,000, stated that interest would be paid eacb December 31, and stated that they mature in 10 years. Assume Grocery Corporation uses the effective-interest method to amortize the bond premium 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.) View transaction list Journal entry worksheet Record the issuance of bonds for $321,951 with a face value of $268,000