0.70 points Problem 9-4A Part 3 3. If the market interest rate is 7%, the bonds will issue at $664,065. Record the bond issue on January 1, 2018, and th ate ral Journal e bit January 01, 2018 664,065 Cash Premium on bonds payable Bonds payable 64,065 600,000 22012r June 30, Interest expense 23242 Premium on bonds payable 758C Cash 24,000 December nterest expense 31,2018 Premium on bonds payable 758 24000 Cash