Chapter 12 Homework Note: All homework assignments must be submitted through the Blackboard course site. Chapter 12 Question 1 (0.5 point) On the first day of the fiscal year, a company issues a $1,200,000, 9%, five year bond for $1,153,670. Interest is paid semiannually. Premiums and discounts on bonds payable are amortized using the straight line method. Required: On the date of issuance, for what amount would the discount on bonds payable be debited? Omit $ signs