Issuing odata Premium On the first day of the fiscal year, a company issues a $8,100,000, 7, 8 year bond that pays semiannual interest of $285,500 (58,100,000 * %*), receiving cash of $9,157,456 Journalue the bondance. If an amount box does not require an entry, leave it blank. Cash Premium on Bonds Payable --58 YO Bands Payable is always recorded at face value Any difference in storice is reflected in a premium or discount account