Question: 12. During the current year, an entity issued 5,000,000 9% face value bonds at 110 at interest date. In connection with the issue of the

12. During the current year, an entity issued 5,000,000 9% face value bonds at 110 at interest date. In connection with the issue of the bonds, the entity paid the following costs: Promotion Cost 100,000 Engraving and Printing Cost 200,000 Underwriters' Commission 400,000 Legal Fees 350,000 Fees paid to accountants for registration 50,000 What amount should be recorded as discount or premium on bonds payable

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