Case D: Miller Bikes is a national chain of upscale bicycle shops. The company has followed a successful strategy of locating near major universities. Miller has the opportunity to expand into several new markets but must raise additional capital. The company has engaged in the following transactions: Issued 46,100 additional shares of common stock. The stock has a par value of $1 and sells in the market for $30 per share. Issued bonds. These bonds have a face value of $1,110,000 and a coupon rate of 15 percent. The bonds mature in 10 years and pay interest semiannually. The current annual market rate of interest is 7 percent. Required: 1. Record the sale of the bonds. (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 Record the sale of the bonds using a premium account. Note: Enter debits before credits Transaction General Journal Debit Credit Record entry Clear entry View general journal 2. Record the issuance of the stock. (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