on january 1,2014, innosolutions

On January 1, 2014, InnoSolutions, Inc., issued $220,000 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. 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 listew general journal Journal Entry Worksheet Record the journal entry to Record the journal entry to bond issuance. Transaction General Journal Debit Credit Enter debits before credits done clear entry record entry