Bonds Issued at Face Value Ito Co. issued the following bonds: Date of issue and sale: April 1, 20-1 Principal amount: Sale price of bonds: $300,000 100 Denomination of bonds: $5,000 Life of bonds: Stated rate: 5 years 6%, payable semiannually on September 30 and March 31 Required: Prepare journal entries for the transactions below. a. Issuance of the bonds. Page: DATE ACCOUNT TITLE DOC. POST. NO. REF. DEBIT CREDIT 20-1 Apr. 1 2 33 2 3 3