O4 incompliance Maled out of 14.00 Journal entry to record the issuance and repayment of a bond Assume that a city issues a $5,000,000 bond at par. The city, subsequently, pays $250,000 in interest on the bond and s1000,000 of the propal. Prepare the counters to record the dance or the bond and the subsequent payments General Journal Description Debit Credi Incot bond 500,000 Payment of bonit Dipenditures-Pialan tiond 0 3 Please answer all parts of the question Check Next Previous Save Answers Question 4 Incomplete answer Marked out of 14.00 Flag question Journal entry to record the issuance and repayment of a bond Assume that a city issues a $5,000,000 bond at par. The city, subsequently, pays $250,000 in interest on the bond and $1,000 the bond and the subsequent payments. General Journal Description Debit Credit Issuance of bond 500,000 Cash Expenditures--repayment of bond Expenditures--interest on bond Other financing sources--bond proceeds 0 : 0 0 OOO ooo Please answer all parts of the question Check