QUESTION 2 Xonic Corporation issued $8 million of 20 - year , 8 percent bonds on April 1 , 2015 , at 102 . Interest is due on March 31 and September 30 of each year , and all of the bonds in the issue mature on March 31 , 2035 . *onic's fiscal year ends on December 31 . Record the issuance of the bonds and entries to be passed post the issue . Date General Journal Debit 1 - APT - 15 Cash Premium on bonds payable Bonds payable Sep 30, 2015 Bond interest expense Premium on bonds payable Cash