On January 1, 2017, Klosterman Company issued $500,000, 10%, 10-year bonds at face value. Interest is payable on January 1

On June 15, Penelope corporation initially purchased 1,500 shares of its own common stock at $18 per share. The stated value of the stock is $0.60 per share. On July 15 it reissued 300 shares at $20 per share. The remaining shares were reissued on July 31 at $12 per share. Journalize the above transactions