Case related to the question 16 and 17 On January 1, 2015, a bond payable is issued by KAVISH, using a bank, with the following characteristics Face value of 1,000,000 EYearly Coupon rate 8% - Maturity of January 1, 2015 to necember 31 2016; KAVISH records adjusting entries on a monthly basis The interest is paid on December 31 of each year -The annualinterest rate on bonds with a similar risk is 6% KAVIS uses the effective interest method regarding to the amortization of any premium or discount on bonds payabie 8 With reaards to the issuaice of the bonds. wht does the lournal entry nvolve? 297 mm