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Carla Vista Inc. issues $270,000 of 10-year, 8% bonds at 98. Prepare the journal entry to record the sale of these bonds on March 1,

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Carla Vista Inc. issues $270,000 of 10-year, 8% bonds at 98. Prepare the journal entry to record the sale of these bonds on March 1, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Mar. 1 Cash Bonds Payable 270000 (To record issuance of bonds.)

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