Use the following information for the Quick Study below. [The following information applies to the questions displayed below.) Enviro Company issues 8%, 10-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 10%, which implies a selling price of 8772. QS 10-2 Journalizing bond issuance LO P1 Prepare the journal entry for the issuance of the bonds. Assume the bonds are issued for cash on January 1. View transaction list Journal entry worksheet Record the issue of bonds with a par value of $250,000. Note: Enter debits before credits. General Journal Debit Credit Date Jan 01 Record entry Clear entry View general journal