. Journal Entries. * 3 points the first day of 2021, a company sues a $10,000,000,10%,10-year nd that pays semi-annual interest, ceiving cash of $18,840,171. urnalize the entry to record the suance of the bonds. Debit Premium on Bonds Payable \$ 8,840,171; Debit Bonds Payable \$ 10,000,000; Credit Cash $18,840,171 Debit Cash \$18,840,171; Credit Premium on Bonds Payable $8,840,171; Credit Bonds Payable $10,000,000 Debit Discount on Bonds Payable \$ 8,840,171; Debit Cash $88,840,171 Credit Bonds Payable $10,000,000