Entries for issuing bonds and amortizing premium by straight-line method Smiley Corperation wholesales repair products to equipment manufacturers. On Apeil 1, 20Y 1,5 miley issued $8,000,000 of 6y year, 7% bonds at a market (effective) interest rate of 5%, receiving cash of $8,820,622. Interest is payable semiannually on April 1 and October 1 . a. Journaiize the entry to record the issuance of bonds on April 1, 20Y1. If an amount box does not require an entry, leave it blank