Help Seve & Exit A company received cash proceeds of $206 948 on a bond issue with a par value of $200,000. The difference between par value and issue price for this bond is recorded as a: Multiple Choice Credit to Interest Income Credit to Premium on Bonds Payable. Credit to Discount on Bonds Payable Debit to Premium on Bonds Payaole Debit to Discount on Bonds Paysole 19 of 3 Prey search