E-Box, Inc. issued 5 year bonds with a total face amount of $3,000,000 and a stated rate of 8% on December 31, 2015. Semi-annual interest payments are made each June 30 and December 31st. E-Box, Inc. uses the straight-line method for amortization of bond discount or premium.

Consider instead that E-Box, Inc. sold these bonds for $2,905,000. What journal entry would the company make to record the bond issue? Choose from the following accounts:

Bonds Payable	Discount on Bonds Payable
Bond Interest Expense	Premium on Bonds Payable
Cash

Note: This question will be manually graded due to there being more than one way to list the accounts. Make sure to format your entries properly, whether you are using a table or plain text entry.

Question 33 10 pts E-Box, Inc. issued 5 year bonds with a total face amount of $3,000,000 and a stated rate of 8% on December 31, 2015. Semi-annual interest payments are made each June 30 and December 31st. E-Box, Inc. uses the straight-line method for amortization of bond discount or premium. Consider instead that E-Box, Inc. sold these bonds for $2,905,000. What journal entry would the company make to record the bond issue? Choose from the following accounts: Bonds Payable Bond Interest Expense Cash Discount on Bonds Payable Premium on Bonds Payable Note: This question will be manually graded due to there being more than one way to list the accounts. Make sure to format your entries properly, whether you are using a table or plain text entry. HTML Editor Paragraph 0 words