On January 1, InnoSolutions, Inc. issued $300,000 in bonds at face value. The bonds have bonds mature in ten years and pay interest once per year on December 31. stated interest rate of 5 percent. The Required: 1. Prepare the journal entry to record the bond issuance. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the entry for issuance of bond. Note: Enter debits before credits. Date General Journal Debit Credit December 31 2. Prepare the journal entry to record the interest payment on December 31. Assume no interest was accrued earlier in the year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet