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1. Issuance of bonds payable at a premium On June 1, 2022, A Company issued at 105 plus accrue interest 4,000 bonds of 9%, P1,000

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1. Issuance of bonds payable at a premium On June 1, 2022, A Company issued at 105 plus accrue interest 4,000 bonds of 9%, P1,000 face amount. The bonds are dated January 1, 2022 and mature on January 1, 2032. Interest is payable semiannually on January 1 and July 1 . The entity paid bond issue cost of P200,000. Requirements: a. What is the net cash received from the bond issuance? b. Provide the related journal entries

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