On 3an. 1, Year 1, foxcroft inc. issued 120 bonds with a face value of 51,010 for 5124,700 . The bonds had a stated rate of 3%6 and paid interest semi-ernually. What is the journal entry to record the issuance of the bonds? If an amount box does not require an entry, leave it blank. McVie Corporation's stock has a par value of $2. The company has the following transactions during the year: Feb. 20 Issued 330,000 shares at $5 per share. Jun. 7 Issued 90,000 shares in exchange for equipment with a clearly determined value of 5204,000 . Sep. 19 Purchased 2,300 shares of treasury stock at $6 per share