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Charley Corporation issued $200,000 of 7%, 5-year bonds on June 1, 2017. The bonds which were issued at 96, pay interest on January 1 and June 1.

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Charley Corporation issued $200,000 of 7%, 5-year bonds on June 1, 2017. The bonds which were issued at 96, pay

interest on January 1 and June 1. Use this information to prepare the General Journal Entry (without explanation) to record the June 1, 2017 bond issue. If no entry is required then write “No entry Required.”

 
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