Journal entry to be passed at the time of issue of born will be recorded at the amount at which the bond has been issued. The yield on the bond will not be recorded at the initial stage of issuing the bond. Also so if the bond is issued at a premium price then the amount at which the bond is issued is to be recorded in the journal entry.

In this case the company has issued the bond at issue price of $52,000 therefore the amount that would need to be recorded as a general entry as a credit to bonds payable will be $52,000.