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 46,200 additional shares of common stock. The stock has a par value of $1 and sells in the market for $25 per share . Issued bonds. These bonds have a face value of $1,120,000 and a coupon rate of 10 percent. The bonds mature in 10 years and pay interest semiannually. The current annual market rate of interest is 8 percent. Required 1. Record the sale of the bonds. (If no entry is required for a transactionlevent, select "No journal entry required" in the first account field.) Answer is complete but not entirely correct. Transaction General Journal Debit Credit 0 Cash 1,272,215 152,215 1,120,000 Pre mium on bonds payable Bonds payable Cash 1,120,000 Bonds payable 1,120,000