TB MC Qu. 10-127 A company received cash proceeds. A company recelved cash proceeds of $206,948 on a bond issue with a par value of $200,000. The difference between par value and Issue price for this bond Is recorded as a: Multiple Cholce Credit to Interest Income. Credit to Premlum on Bonds Payable. Credit to Discount on Bonds Payable. Debit to Premium on Bonds Payable. Debit to Discount on Bonds Payable