Bond Premium, Entries for Bonds Payable Transactions Campbell Inc. produces and sells outdoor equipment. On July 1 Year 1 Campbell issued $77,700,000 of 10-year, 1090 bonds at a market effective interest rate of 8%, receiving cash of $88,259,935 Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year a market Ceffiective) intere