> > is Paragraph 5 Styles 5. The City of Paradise issued Bonds of $1,250,000 for the Construction of a City Hall. The City Hall's bonds are sold at a premium of $150,000; therefore the estimated cost of the Hall is $1,100,000. Required: 1. Prepare general journal entries to record the issue of the bonds by General Fund. it. Prepare general Journal entries to transfer the premium amount to debt service fund