On Jan. 1, Year 1, Foxcroft Inc. issued 100 bonds with a face value of $1,060...

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On Jan. 1, Year 1, Foxcroft Inc. issued 100 bonds with a face value of $1,060 for $109,200. The bonds had a stated rate of 9% and paid interest semi-annually. What is the journal entry to record the issuance of the bonds? If an amount box does not require an entry, leave it blank. Jan. 1 Cash Premium on Bonds Payable Bonds Payable 109,200 000 X On Jan. 1, Year 1, Foxcroft Inc. issued 100 bonds with a face value of $1,060 for $109,200. The bonds had a stated rate of 9% and paid interest semi-annually. What is the journal entry to record the issuance of the bonds? If an amount box does not require an entry, leave it blank. Jan. 1 Cash Premium on Bonds Payable Bonds Payable 109,200 000 X