On Jan. 1, Year 1, Foxcroft Inc. issued 90 bonds with a face value of $ 910 for $ 85,500. The bonds had a stated rate of 6% 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.

On Jan. 1 year 1. Foxcron Inc. istued 90 bonds with a face value of $910 for $85,500. The bonds had a stated rate of Gul, and paid interest semi-annually What is the journal entry to record the nuance of the bonds? If an amount box does not require an entry, leave it blank, Jan. 1 85.500 Premium on Bonds Payable Bonds Payable