Erste for Issung Bonds and Amorting Premium by Straight Line Method Sindy Corporation wholesales repair products to equipment manufacturers. On April 1, Year 1, Smiley issued $20,000,000 of five year, 9 bonds at a market (effective) interest rate of receiving cash of $20,611,010. Interest is payable semiannually on April 1 and October 1 a. Journalue the entry to record the issuance of bonds on April 1, Year 1. For a compound transaction, an amount box does not require an entry, leave it blank. Cash 20,811,010 Premium on Blonds Payable Bonds Payable h. Journalire the entry to record the first interest payment on October 1, Year 1, and amortization of bond premium for six months, using the straight line method. (Round to the nearest dollar) For a compound transaction, an amount box does not require an entry leave it blank Interest Expense 818,899,0 Premium on Bonds Payable 81.101 Cash 900,000