miller Bikes is a national chain of upscale bicycle shops The miller Bikes is a national chain of upscale bicycle shops The company has followed a successful strategy of locating near major universities Miller has the opportunity to expand into several new markets but must raise additional capital The company has engaged in the following transactions Issued 45,000 additional shares of common stock The stock has a $1 par value The shares sold for $25 per share Issued bonds These bonds have a face value of $1,000,000 and a coupon rate of 10 percent The bonds mature in 10 years and pay interest semiannually When the bonds were issued, the annual market rate of interest was 8 percent Required 1 Record the sale of the bonds (If no entry is required for a transaction event, select No journal entry required in the first account field ) 2 Record the issuance of the stock (If no entry is required for a transaction event, select No journal entry required in the first account field ) However, it is also asking how to Record the sale of the bonds without using a premium account I can't find anything to support that question PLEASE HELP

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Question: miller Bikes is a national chain of upscale bicycle shops. The... miller Bikes is a national chain of upscale bicycle shops. The company has followed

miller Bikes is a national chain of upscale bicycle shops. The...

miller Bikes is a national chain of upscale bicycle shops. The company has followed a successful strategy of locating near major universities. Miller has the opportunity to expand into several new markets but must raise additional capital. The company has engaged in the following transactions:

Issued 45,000 additional shares of common stock. The stock has a $1 par value. The shares sold for $25 per share.
Issued bonds. These bonds have a face value of $1,000,000 and a coupon rate of 10 percent. The bonds mature in 10 years and pay interest semiannually. When the bonds were issued, the annual market rate of interest was 8 percent.

Required:

1. Record the sale of the bonds. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

2. Record the issuance of the stock. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

However, it is also asking how to....Record the sale of the bonds without using a premium account. I can't find anything to support that question...PLEASE HELP!!

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