On April 1, 2020, Bramble Corp. sold 14,000 of its $900 face value, 15-year, 10% bonds at 95. Interest payment dates are April 1 and October 1. The company follows ASPE and uses the straight-line method of bond discount amortization. On March 1, 2021, Bramble extinguished 3,500 of the bonds by issuing 100,000 shares. At this time, the accrued interest was paid in cash to the bondholders whose bonds were being extinguished. In a separate transaction on March 1, 2021, 120,000 of the companys shares sold for $32 per share.

(a)

Prepare Bramble Corp.s journal entry to record the issuance of the bonds on April 1, 2020.