Question 31 1 City ABC has received two bond proceeds. One, was issued at a discount and one at premium. Prepare the journal entries for City A for the following transactions ABC issues 10 Million face general obligation bonds to build a park and play center. The city received an additionat 50,000 in bond premium The Bond Covenant states that the bond premium must be transferred to a Debt Service Fund. The transfer of cash to the Debt Service Ford is made. ABC issues as Million general obligation bord to repair infrastructures that are badly needed. Because of increased interest rates prior to the issuance, it resulted in that the received 485.000 million from the bonds Edit View Insert Format Tools Table 12tPago BIU 6