Question: 13. Bonds with a face amount $1,000,000, are sold at 106. The entry to record the issuance is: Cash 1,000,000 Premium on Bonds Payable

13. Bonds with a face amount $1,000,000, are sold at 106. The entry to record the issuance is: Cash 1,000,000 Premium on Bonds Payable 60,000 Bonds Payable b. Cash Premium on Bonds Payable Bonds Payable 1,060,000 1,060,000 60,000 1,000,000 Cash 1,060,000 Discount on Bonds Payable Bonds Payable 60,000 1,000,000 d. Cash 1,000,000 Bonds Payable 1,060,000 14. Bonds with a face amount $1,000,000, are sold at 98. The entry to record the issuance is: a Cash 1,000,000 Premium on Bonds Payable 20,000 Bonds Payable Cash 980,000 980,000 Premium on Bonds Payable 20,000 Bonds Payable Cash 1,000,000 980,000 Discount on Bonds Payable 20,000 Bonds Payable 1,000,000 Cash 980,000 Bonds Payable 980,000 EXERC

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