On January 1, a company issues 7%, 5 year, $430,000 bonds that pay interest semi-annually on June 30 and December 31. The market rate of interest on the date of issue is 8% and the bonds will issue at $412,577. The journal entry to record the issuance of the bond is: Cash 412,577 a. in Bonds Payable 412,577 Cash 412.577 b. Premium on Bonds Payable Bonds Payable 17,423 430,000 Bonds Payable 430,000 C. Bond Interest Expense 17.423 Cash 447.423 dia Cash 412.577 d. Discount on Bonds Payable 17.423 Media Bonds Payable 430,000 4 Cash 430,000 eck e. Discount on Bonds Payable Bonds Payable 17,423 412.577 O.C Od Ob 00 Oe Examiny Proctoring is shaning your screen Stop sharing