PART II-Recording Bond Entries and Amortization-Straight-line method (20 points) 31. Coho Winery Corp. issued 5 year bonds with a total face amount of $2,000,000 and a stated rate of 8% on December 31, 2019. Semi-annual interest payments are made each June 30 and De- cember 31st. Coho Winery Corp. uses the straight-line method for amortization of bond discount or pre- mium. bla What entry would Coho Winery Corp. make to record the bond issuance if the bonds are sold for $2,060,000 (5 points) Back rf II of A) Premium on Bonds Payable $60,000 Bonds Payable 2,000,000 Cash $2,060,000 B) Cash $2,060,000 Bonds Payable $2,060,000 C) Cash $2,060,000 Premium on Bonds Payable Bonds Payable $60,000 2,000,000 D) Cash Premium on Bonds Payable Bonds Payable $2,000,000 60,000 $2,060,000 32. If the bonds were sold for $2,060,000, what journal entry would Coho Winery Corp. make to record the first interest payment on June 30, 2020? (5 points) A) Bonds Interest Expense Premium on Bonds Payable Cash $74,000 6,000 $80,000 B) Bond Interest Expense $148,000 Premium on Bonds Payal-ie Cash $12,000 $160,000 C) Bond Interest Expense $80,000 Premium on Bonds Payable Cash $6,000 74,000 D) Bond Interest Expense $160,000 Premium on Bonds Payable $12,000 Cash 148,000