On January 1, a company issues bonds dated January 1 with a par value of $210,000 The bonds mature in 5 years The contract rate is 11 , and interest is paid semiannually on June 30 and December 31 The market rate is 10 and the bonds are sold for $218,105 The journal entry to record the issuance of the bond is Skipped Multiple Choice Debit Bonds Payable $210,000 debit Bond Interest Expense $8,105 credit Cash $218,105 Debit Cash $218,105 credit Premium on Bonds Payable $8,105 credit Bonds Payable $210,000 Debit Cash $210,000 debit Premium on Bonds Payable $8,105 credit Bonds Payable $218,105 Debit Cash $218,105 credit Discount on Bonds Payable $8,105 credit Bonds Payable $210,000 Debit Cash $218,105 credit Bonds Payable $218,105

Question

On January 1, a company issues bonds dated January 1 with a par value of $210,000  The bonds mature in 5 years  The contract rate is 11 , and interest is paid semiannually on June 30 and December 31  The market rate is 10  and the bonds are sold for $218,105  The journal entry to record the issuance of the bond is  Skipped Multiple Choice Debit Bonds Payable $210,000  debit Bond Interest Expense $8,105  credit Cash $218,105  Debit Cash $218,105  credit Premium on Bonds Payable $8,105  credit Bonds Payable $210,000  Debit Cash $210,000  debit Premium on Bonds Payable $8,105  credit Bonds Payable $218,105  Debit Cash $218,105  credit Discount on Bonds Payable $8,105  credit Bonds Payable $210,000  Debit Cash $218,105  credit Bonds Payable $218,105

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On January 1, a company issues bonds dated January 1 with a par value of $210,000. The bonds mature in 5 years. The contract rate

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