Bonds with a face amount of $1,000,000 are sold at 106. The journal entry to record the issuance is 1,000,000 Cash 60,000 Premium on Bonds Payable 1,060,000 Bonds Payable e Cash 1,060,000 Premium on Bonds Payable Bonds Payable 60,000 1,000,000 cash 1,060,000 60,000 1,000,000 Discount on Bonds Payable Bonds Payable cash 1,060,000 Bonds Payable 1,060,000