Culver Corporation issues 5900, 10-year, 8%, $1000 bonds dated January 1, 2017, at 105. The journal entry to record the issuance will show a Entry field with incorrect answer now contains modified data debit to Premium on Bonds Payable for $295000. credit to Cash for $6195000. credit to Bonds Payable for $5900000. debit to Cash of $5900000.