Spring Company sells $500,000 of 4%, 15-year bonds for 47 5247 on April 1, 2018 The market rate of interest on that day is 11.5% Interest in paid uch yma on April 1. The entry to record the sale of the bonds on April 1 would be as follows: Intermediary and final answer calculations are rounded to the nearest whole rumber) OA 500.000 Cash Bonds Payable 600 000 OB Cash Discount on Bonds Payable Bonds Payable 285,148 314 852 600.000 . Cash 285 148 Spring Company sells $600,000 of 4%, 15 year bonds for 47 5247 on April 1, 2018 The market rate of interest on that day is 11 9% test is paid each year on entry to record the sale of the bonds on April 1 would be as follows (intermediary and final answer enterstation we rounded to the nearest whicke mamber) LILULUI UURIS Pay Bonds Payable 600,000 . Cash 285,148 Bonds Payable 285,148 OD Cash 600.000 Discount on Bonds Payable 314,852 Bonds Payable 285,148