eBook Calculator 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. If an amount box does not require an entry, leave it blank. a. Issuance of the bonds