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Nickle Industries needs to raise capital for expansion purposes. Management is considering issuing $1,000,000 of 7.5%, 20-year bonds dated June 1, 2023 with interest payment

Nickle Industries needs to raise capital for expansion purposes. Management is considering issuing $1,000,000 of 7.5%, 20-year bonds dated June 1, 2023 with interest payment dates of December 1 and June 1. Nickle's year-end is December 31. Refer to Table 15-1. The entry to record the issuance of the bonds on June 1, 2023 at 103.375 includes a: Question 13 options: debit to Cash for $1,033,750. credit to Premium on Bonds Payable for $30,375. debit to Bonds Payable for $1,000,000. debit to Premium on Bonds Payable for $33,750

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