E10-11 Recording Bond Issue and First Interest Payment with Premium (with Premium Account) LO10-3 On January 1 of this year, Bochini Corporation sold a $10 million, 8.25 percent bond issue. The bonds were also dated January 1, had yield of 8 percent, pay interest each December 31, and mature 10 years from the date of issue. Use Table 9C1. Table 9C.2 Required: 1. Prepare the journal entry to record the issuance of the bonds. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round time value factor to 4 decimal places. Enter your answers in dollars not in millions rounded to the nearest whole dollar.) Answer is complete but not entirely correct. No. Date January 01 Cash General Journal Bonds payable Premium on bonds payable Debit Credit 10,167,816 1,000,000 167,716