Bonds Issued at Face Value

Ito Co$,$ issued the following bonds:

Date of issue and sale: April $1,20-1$

Principal amount: $,$$$300,000$

Sale price of bonds: $100$

Denomination of bonds: $$5,000$

Life of bonds:

$5$ years

Stated rate

$6\%,$ payable semiannually on September $30$ and March $31$

Required:

Prepare journal entries for the transactions below:

a$.$ Issuance of the bonds.