1,000,000 of 10 year, on bonds at a market (effective) interest ate of 10%, calving cash of 17.51316 n the bonds is payable at 3. The fa Bond Oncount, tetries for Bonds Payal Transactio On July 1, Yar Required Dancer Industries Inc 1. Journalize the entry to record the amet of cash proceeds from the leance of the Cash Discount on Bonds Payable Bonds Peable Bonds Payable is always recorded at face valun, Any afference in issue price in cofacted in a preonun ve Bount acc The straight e mad at amortization provides equal amounts of amortization ever the Learning Objective othe 3. Journalize the entries to record the flowing: If an amount box does not require an entry, leave it t The first seal interest payment on December 31, Year 1, and the amortization of the bond discount, using the draight-line method found your to the 37744 X Bonds Paws recorded at face value. Any afference i prica is acted in a premium dicunt account tne nathost of amortization prondes soal amounts of amortization er the of the bond