On January 1, a company issues bonds dated January 1 with a par value of $250.000 The bonds mature in 5 years. The contract rate is 9% and interest is pald semiannually on June 30 and December 31. The market rate is 8% and the bonds are sold for $26018 The Journal entry to record the issuance of the bond is: Multiple Choice Debit Case $350.000 debt Premium on fonds Payotte $104, credit Bonds Pole $260148 Debit Cash $260148, credit Bonds Payable $260318 Debit Ch $260118, credit Pentum on Boods Payable 51014, credit Bonds Payable $250.000 Debt Ronds Payable $250.000, debition interest Expense $10,918. Credit Cath $2008 www.weat Recon