On April 1, 2016, Western Communications, Inc., issued 12% bonds, dated March 1, 2016, with face amount of $47 million. The bonds sold for $46.3 million and mature on February 28, 2019. Interest is paid semiaannually on August 31 and February 28. Stil worth Corporation acquired $47,000 of the bonds as a long-term investment. The fiscal years of both firms end December 31, and both firms use the straight-line method Required: 1. Prepare the journal entries to record (a) issuance of the bonds by Western and (b) Stillworth's investment on April 1, 2016. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollar.) view transaction list view general journal Journal Entry Worksheet 12 Record the issuance of the bonds by Western Communications. Debit Date General Journal Credit April 01, 2016 *Enter debits before credits done clear entry record entry