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A companyr is issuing $309,000 worth of 5-year bonds on January 1, ENE, hearing an interest rate of 4%, payable annually. Assume that the current,

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A companyr is issuing $309,000 worth of 5-year bonds on January 1, ENE, hearing an interest rate of 4%, payable annually. Assume that the current, market rate of interest is 5%. a] Will the bond be issued at a discount or at a premium? b} Calculate the value of the resulting discount or premium. c} Record the journal entry;Ir to reect the sale of bonds and the appropriate discount or premium

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