E9-23 (Static) Computing the Issue Price of a Bond with Analysis of Net Earnings and Cash Flow Effects LO 93,98 Imai Company issued a $1 million bond that matures in five years. The bond has a 9 percent coupon rate. When the bond was issued, the market interest rate was 8 percent. The bond pays interest twice per year, on June 30 and December 31 . Use Iable 8C1 Iable 802 Required: 1. Record the issuance of the bond on June 30. (Round time value factor to 4 decimal places. Enter your enswer in dollars not in millions. Round intermediote and final answers to the nearest whole dollac. If no entry is required for o transection/event, select "No journal entry required" in the first occount field.) Journal entry worksheet 2. Was the bond issued at a discount or at a premium? Discount Premium