Serotta is planning to issue bonds with a face value of $90,000 and a coupon rate The bonds mature in two years and pay interest quarterly every March 31, June 30, September 30, and December 31. All of the bonds were sold on 1 of this year. Serotta uses the effective interest amortization method and also uses a premium account. Assume an January annual market rate of interest of 4 percent (FV of $1 PWof $1. EVA of $1, and evA of$0 (Use the appropriate factor(s) from the tables provided.) Required Information 1. Provide the journal entry to record the issuance of the bonds January 1.mt no entry is required for a transactlonevent, No journal entry required inthe first account field. Round your final answers to nearest whole dollar amount.) View general journal Journal Entry Worksheet Record the issuance of the bonds on January 1. Debit Credit General jounral January 01 Enter debits before credits MacBook Air