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Question 1 1 points Save Answer A company issues bonds with a $100.000 par value, an 8% annual contract rate, semiannual interest payments, and a five year life. The bonds sold for $107.850. The entry to record the issuance of the bonds will include: credit to Premium on Bonds Payable of $7,850. A debit to Interest Expense of $7,850 A debit to Discount on Bonds Payable of S7,850 A credit to Cash of $100,000 Moving to another question will save this response. Question 1 of 5