16. If XYZ Company issues $600,000 of bonds at 20-year term on January 1, 2019, at 106, and bearing interest at an annual rate of 10 percent payable semiannually on January 1 and July 1, ABC records the first semiannual bond premium on July 1, 2019, as (3 Points) Dr. Premium on Bonds Payable... $1,800 Cr. Premium on Bonds Payable $3,000 Dr. Premium on Bonds Payable $900 Cr. Premium on Bonds Payable....... $1,500