okmarks Window Help ??93%-. Sun 8:22 PM al- Bond Premium, Entries for Bonds Payable Transactions Campbell Inc. produces and sells outdoor equipment, on July 1, Year 1, Campbell issued $46,900,000 of 10-year, 13% bonds at a market (effective) interest rate of 11%, receiving cash of $52,504,770. Interest on the bonds is payable semiannually on December 31 and Ane 30.. The fiscal year of the company is the calendar year Required: If an amount box does not require an entry, leave it blank 1. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds on July 1, Year 1. Cash Premium on Bonds Payable Bonds Payable 04,770 Bonds Payable is always recorded at face value. Any difference in issue price is refflected in a premium or discount account -line method of amortization provides equal amounts of amortization over the life of the bond Objective 2 2. Journalize the entries to record the following: 8 0 5