Question 10 1 pts A corporation issues $400,000 of 9%, five-year bonds at 102 on January 1, 20X1. Interest is payable each December 31. On December 31, 20X1, the journal entry to record premium amortization requires a O debit to the Premium on Bonds Payable account for $1,600. O credit to the Premium on Bonds Payable account for $1,600. O credit to the Interest Expense account for $8,000. O debit to the Premium on Bonds Payable account for $8,000