1 pts Question 12 [Review] In March 1, 2019, Dolby Inc. issued (sold) 10-year bonds with a face (par) value of $1,000,000. The bonds pay 5% interest semi-annually. The amount Dolby received for the bond issue was $925,638. What is the correct journal entry Dolby should record on March 1 2018, the date of sale? [Some selections are blatantly false and misleading and would never be correct accounting. CREDIT O Cash Premium on bonds Bonds payable DEBIT 925,638 74,362 1,000,000 O CREDIT Cash Discount on bonds Bonds payable DEBIT 925,638 74.362 1,000,000 CREDIT Bonds payable Premium on bonds Cash DEBIT 925,638 74,362 1,000,000 CREDIT Bonds payable Premium on bonds Cash DEBIT 1,000,000 74,362 925,638