Question 10 View Policies Current Attempt in Progress If bonds are issued at a premium, the stated interest rate is adjusted to a higher rate of interest. higher than the market rate of interest. too low to attract investors. lower than the market rate of interest. Save for Later Question 11 View Policies Current Attempt in Progress Five thousand bonds with a face value of $2000 each, are sold at 101. The entry to record the issuance is 10100000 O Cash Bonds Payable 10100000 10100000 O Cash Discount on Bonds Payable Bonds Payable 100000 10000000 O Cash 10000000 100000 Premium on Bonds Payable Bonds Payable 10100000 10100000 Cash Premium on Bonds Payable Bonds Payable 100000 10000000 Save for Later