Question 15 of 18 > 3.33/20 E View Policies Show Attempt History Current Attempt in Progress Concord Corporation issued $416,000,5%, 30-year bonds on January 1, 2022 at 103. Interest is payable annually on January 1 Concord uses straight-line amortization for bond premium or discount. (a) Your answer is partially correct. Prepare the journal entry to record the issuance of the bonds. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 cash 395 200 Premium on Bonds Payable 124800 Bonds Pavable eTextbook and Media List of Accounts Save for Later Attempts: 3 of 10 used Submit