On January 1, Innovative Solutions, Inc. issued $240,000 in bonds at face value. The bonds have a stated interest rate of 7 percent. The bonds mature in 10 years and pay interest once per year on December 31. Required 1,2 & 3. Complete the required journal entries to record the bond issuance, interest payment on December 31, early retirement of the bonds. Assume the bonds were retired immediately after the first interest payment at a quoted price of 102. transaction/event, select "No Journal Entry Required" in the first account field.) (If no entry is required for a View transaction list Journal entry worksheet Record the issuance of bonds of $240,000 at face value. Note: Enter debits before credits. Date General Journal Debit Credit January 01 Reoord entry Clear entry View gerveral journal