Journal entry to record the issuance and repayment of a bond

Journal entry to record the issuance and repayment of a bond Assume that a city issues a $6,000,000 bond at par. The city, subsequently, pays $300,000 in interest on the bond and $1,200,000 of the principal. Prepare the journal entries to record the issuance of the bond and the subsequent payments. General Journal Description Debit Credit Issuance of bond: 0 0 0 Payment of bond: 0 Expenditures--interest on bond 0 0 0