E10-9 Computing the Issue Price of a Bond with Analysis of Net Earnings and Cash Flow Effects LO10-3, 10-8 Imal Company issued a $1245 million bond that matures in five years. The bond has a 8 percent coupon rate When the bond was issued, the market rate was 6 percent. The bond pays interest twice per year, on June 30 and December 31. Use Table 91. Table 902 Required: 1. Record the issuance of the bond on June 30. (Round time value factor to 4 decimal places. Enter your answers in dollars not in millions. Round intermediate and final answers to the nearest whole dollar. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Answer is complete but not entirely correct. No Date General Journal Credit Debit 1,351,084 1 June 30 Cash Bond payable Bond premium olo 1.245,000 106,084 2. Was the bond issued at a discount or at a premium? Discount Premium