Alexi Company issued $3.70 million face amount of 5%,10-year bonds on June 1,2022 . 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 $3,348,000. Record the journal entry to show the effect of issuing the bonds. Note: 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. Journal entry worksheet Record the issuance of bond. Note: Enter debits before credits