Issued exist30, 000 of 8%, 4-year bonds when the Market interest Rate was 10%. The bond pays interest semi-annually on Jan 1st and Dec 31st. Proceeds received were exist28, 061. The entry to record the issuance of the bonds on Jan 1 is: a. Cash Bonds Payable b. Cash Premium on Bonds Payable Bonds Payable c. Cash Discount on Bonds Payable Bonds Payable d. Cash Premium on Bonds Payable Bonds Payable Paid Semiannual interest on the bonds. a. Interest Expense Cash b. Interest Expense Cash c. Interest Expense Cash d. Interest Expense Cash Amortized 1/8th of the Bond Premium of Discount. a. interest Expense Premium on Bonds Payable b. Interest Expense Discount on Bonds Payable c. Premium on Bonds Payable interest Expense d. Discount on Bonds Payable Interest Expense If the bond contract interest rate is higher than the market interest rate at the data the bonds are issued, the bond will issue at: a. Face Value b. Discount c. Premium d. Can't be issued If the bond contract interest rate is equal to the market interest rate at the date the bonds are issued, the bond will issue at: a. Face Value b. Discount c. Premium d. Can't be issued