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 milion, B.25 percent bond issue. The bonds were also dated January 1 had a yield of 8 percent, pay interest each December 31, and mature 10 years from the date of issue. Use Table Table 2 Required: 1. Prepare the journal entry to record the issuance of the bonds (if ne 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 dollare not in millions rounded to the nearest whole dollar) View transaction list Journal entry worksheet nce > Record the issuance of bond at a premium. Note: Enter debits before credits General Journal Debit Date January 01 Credit Record entele View general journal Clear entry 2. Prepare the journal entry to record the interest payment on December 31 of this year. Use effective interest amortization and a premium account (if no entr required for a transaction event, select "No journal entry required in the first account field. Round time value factor to & decimal places. Enter your answers in dollars not in millions rounded to the nearest whole dollar.) View transaction list Journal entry worksheet > Record payment of annual interest and amortization of premium for 12 months Note: Enter debits before credits Date General Journal December 31 Debit Credit Record entry View general journal Cintanto