Question 12 3.334 pts Onthe first day of its fiscal year, Ca issued $1,000,000 of five-year, 8% bonds to finance the remodeling of an office building. Interest is payable semiannually. The bonds were issued at an effective interest rate of 11%, resulting in JCo. receiving cash of $886.93S. Give the account to be debited, the account to be credited, and the amount to journalize the amortization of the discount/premium at the end of the first year using the straight-line method of amortization. (Amortization of discount/premium is to be recorded annually) All amounts are to be rounded to the nearest dollar Account Courves DATE DESCRIPTION PREFDEBIT CREDIT Calendar 2) Imerest espese debted (1)$11,306, D scout on Bonds Payable aedted (2)$11.306 Interest expense debited (1) $11.306 Premium on Bonds Payable credited (2) $11.306 Resources 9 Discount on Bonds Payable debited (2) 511.306 Premium on Bonds Payable (2) credited 11.306 Interest expense debited 11) $11.306 Cash credited (2) 511.306 O Type here to search 2/18/20 POLL