Practice Exercise 1 (Part Level Submission) Swisher Company issued $2,490,000 of bonds on January 1, 2017. (a) Your answer is correct. Prepare the journal entry to record the issuance of the bonds if they are issued at (1) 100, (2) 97, and (3) 104. (Credit ac No. Account Titles and Explanation Debit Credit (1) Cash 2490000 Bonds Payable 2490000 (2) Cash 2415300 Discount on Bonds Payable 74700 Bonds Payable 2490000 (3) Cash 2589600 Bonds Payable 2490000 Premium on Bonds Payable 99600 (c) Prepare the journal entry to record the redemption of the bonds before maturity at 97. Assume the balance in Premium on Bonds Payable is $9,100. (C Account Titles and Explanation Debit Credit