Record the following transactions

2Issued a bond, face value $120,000, to Justin Torrisi's' Investment Company for $108,000 cash. Terms of the bond is 5 years and the stated interest rate is 9.6%. Interest and amortization will be recorded as an adjusting entry the end of the month.(See page 789 of text) always recorded at par value in our class.) p,ovo Sold a Yamaha Waverunner for $8,800 on account to Buena by the Shore,). Issued Invoice No. 2 Issued 2,000 shares of common stock for $50,000 (par $5.00). Remember that common stock is 3 719. (Note that we are using FIFO for inventory) Note that when making a sale using a perpetual inventory system, you always need two entries, one recognizing the sale, and one reducing inventory,) Cash orland Accounts Receivable Sales Cost of Goods Sold Merchandise Inventory 3 Purchased a Snyder Craft for $17,500 on account from Salvatore Dimeo's Boats, Invoice No. 630, terms 3/10, n/60. Note that since we are using a perpetual inventory system, all purchases and sales require an entry in the account Merchandise Inventory. Purchased various boat merchandise of $3,500 from Erica Bennett Boats on Account, Invoice No 631, terms 3/10, n/60. 4 4 ISsued Check No. 292 to Salvatore Dimeo's Boats in full settlement of our December account balance --Invoice No. 580, terms n/30