premium, or a dscoumtr iremen . i More Info Wicked Wild Company plans to raise the capital by issuing S 1,000,000 of 6%, ten-year bonds on January $997,000 when the bonds are issued 2, 2020. The bonds pay interest semiannually on June 30 and December 31. The company receives The company also issues a mortgage payable for s550,000 on January 2, 2020. The proceeds from th mortgage will be used to construct the new building. The mortgage requires annual payments of $55,000 plus interest for ten years, payable on December 31 The mortgage interest rate is 7% Print Done Score: 0.24 of 4 pts & CP12-47 (similar to) Question Help Wicked Wild Company is considering raising additional capital for further expansion. The company wants to finance a new business venture into guided trips down the Amazon River in South America. Additionally, the company wants to add another building on their land to offer more services for local customers Click the icon to viewing the financing information ) Read the requirements Requirement 1. Will the bonds issue at face value, a premium, or a discount? because the cash proceeds are less than the face value of the bonds Wicked Wild's bonds will be issued at a discount Requirement 2. Record the following transactions Include dates and round to the nearest dollar. Omit explanations. (Round your answers to the nearest whole dollar. Record debits first, then credits. Exclude explanations from any journal entries.) a. Cash received from the bond issue Accounts Debit Date 2020 Jan. 2 Credit anu list or enter anv number in the input fields and then click Check