15. On January 1, 2020, Grant Corporation issued $4,000,000, 10-year, 8% bonds Interest is payable semiannually on January 1 and July 1. The journal entry to record this transaction on January 1, 2020 is a. Cash 4,000,000 Bonds Payable 4,000,000 b. Cash 4,080,000 Bonds Payable 4,080,000 C. 80,000 Premium on Bonds Payable Cash 4,000,000 Bonds Payable 4,080,000 d. Cash 4,080,000 Bonds Payable Premium Payable 80,000 4,000,000 Bonds on