ment/takeAssignmentMain.do?inwoker &takeAssignmentSessionlocator assignment-take8inprogressvfalse Calculator Bond Premium, Entries for Bonds Payable Transactions Campbell Inc. produces and sells outdoor equipment. On July 2, Year 1, Campbell issued t 13,000,000 of 10-year, 11% bonds at a $13,810,050. Interest on the bonds Is parable semlannualy/ on December and Sune fiscal ear of the company is the calendar vear market (effective) terese rate of 10%, recents an or If an amount box does not require an entry, leave ie b 1. Journalize the entry to record the amount of cash proceeds from theun Cash 13,010 050 3300 09 Premitum on Bords Paivable Bonds Payabie y Bonds Pavable is alwars recorded t face value. Anr difference in issue price is lected in a premium or The stralght-line method of amortization provides equal amounts of amortacion over the ife of the bond