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QS 10-6 Journalizing premium bond issuance LO P3 Garcia Company issues...

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QS 10-6 Journalizing premium bond issuance LO P3 Garcia Company issues 11.5%, 15-year bonds with a par value of $270,000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 9.5%, which implles a selling price of 115 3/4 Prepare the journal entry for the issuance of these bonds for cash on January 1. View transaction list Journal entry worksheet 1 Record the issue of bonds with a par value of $270,000 at a selling price of 115 3/4. Note: Enter debits before credits General Journal Debit Credit Date Jan 01 Record entry Clear entry View general Journal

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