On January 1, 2021. Ash Corporation issues $400,000, 5-year, 5% bonds at 104. Interest is paid semiannually on January 1 and July 1: Orange Corporation uses the straight-line method of amortization. The company's fiscal year ends on December 31 The necessary journal entry at maturity includes: a credit to Cash of $400,000 a debit to Premium on Bonds Payable of $16,000 a credit to Cash of 8416,000 a debit to Bonds Payable of $416,000