Alexi Co. issued $4.00 million face amount of 10%, 10-year bonds on June 1, 2019. The bonds pay interest on an annual basis on May 31 each year. b-2. Independent of your answer to part a, assume that the proceeds were $3,637,000. Record the journal entry to show the effect of Issuing the bonds (Enter your answer in whole dollar, not in millions. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet