Show Instructions 2 Ques Que 2.09 pts Question 13 Time Runni Attempt due 1 Hour, 57 Bonds with a 6% stated interest rate were issued when the market rate of interest was 7%. This bond was issued at: 24/7 Pro ca a discount a premium face value O par value 2.08 pts Question 14 TE A On July 1, 2020, Valen Company issues $3,000,000 of 10- year, 8.5% bonds at 102. Valen uses the straight-line method of amortization. Interest is paid each June 30 and December 31. The entry recorded by Valen Company on June 30, 2030 upon maturity at the end of the bond's term will include: debit to Bonds Payable of $3,000,0000 debit to Cash of $3,000,000 credit to Cash of $3,060,000 credit to Premium on Bonds Payable of $60,000. Next Previous