What is the journal entry required to record the issuance

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Problem 1: No Game Corp. issued $6000 in principal of 4.625% 5-year junior notes. Investors paid par to purchase the bonds and $300 in issuance costs were paid directly from the proceeds of the bond sale. What is the journal entry required to record the issuance of the? debt?

Cr. Debt payable -- $5700

Dr. Bond issuance expense -- $300

Cr. Debt payable -- $6000

Dr. Discount on debt payable -- $300

Reference no: EM132883213

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