CengageNOWv2| Online teachin × Cengage Learning X b Answered: Find the locations and x i v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLoca. ☆ 00 Ch 14-2...

how do I find premium bonds payable?

Extracted text: CengageNOWv2| Online teachin × Cengage Learning X b Answered: Find the locations and x i v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLoca. ☆ 00 Ch 14-2 Practice Exercises Issuing Bonds at a Premium On the first day of the fiscal year, a company issues a $7,600,000, 10%, 7-year bond that pays semiannual interest of $380,000 ($7,600,000 × 10% x ½), receiving cash of $8,402,799. Journalize the bond issuance. If an amount box does not require an entry, leave it blank. Cash 8,402,799 Premium on Bonds Payable 807,299 X Bonds Payable 7,600,000 Feedback Check My Work Bonds Payable is always recorded at face value. Any difference in issue price is reflected in a premium or discount account. 2:58 PM P Type here to search 3/17/2020 2. II