Issuing at Par, a Premium, or a Discount Kartel is planning to issue 590 bonds, each having a face amount of $1,000. Required: 1. Prepare the journal entry to record the sale of the bonds at par. Cash 590,000 Bonds Payable 590,000 Record issuance of bonds at par 2. Prepare the journal entry to record the sale of the bonds at a premium of $34,000. Cash Bonds Payable Premium on Bonds Payable Record issuance of bonds at premium 3. Prepare the journal entry to record the sale of the bonds at a discount of $41,000. Cash Discount on Bonds Payable 11 Bonds Payable