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On June 1, 2016 Alpha Corporation issued $300,000 of 9%, 5-year bonds. The bonds which were issued at 97, pay interest on January 1 and June 1.

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On June 1, 2016 Alpha Corporation issued $300,000 of 9%, 5-year bonds.  The bonds which were issued at

97, pay interest on January 1 and June 1. Use this information to prepare the General Journal entry (without explanation) to record the June 1, 2016 bond issue. If no entry is required then write “No Entry Required.”

 
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