On January 1, 2021, Ash Corporation issues $400,000, 5-year, 5% bond: 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 en at maturity includes: a debit to Bonds Payable of $416,000 a credit to Cash of $416,000 a credit to Cash of $400,000 O a debit to Premium on Bonds Payable of $16,000 Question 2 11 On January 1, 2021, DEF Corporation issues $4,000,000, 5-year, 9% bonds at 94. Interest is paid semiannually on January 1 and July 1. WH is the entry to record the issuance of these bonds on January 1, 2021? debit Cash for $3,760,000; debit Discount on Bonds Payable for $240,000; ar credit Bonds Payable for $4,000,000