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21 NEED HELP ASAP Ward Corporation issues 5,000 10-year 8% $1,000 bonds dated January 1, 2015, at 103. The journal entry to record the issuance

21 NEED HELP ASAP

Ward Corporation issues 5,000 10-year 8% $1,000 bonds dated January 1, 2015, at 103. The journal entry to record the issuance will show a

debit to Cash of $5,000,000.

credit to Premium on Bonds Payable for $150,000.

credit to Bonds Payable for $5,030,000.

credit to Cash for $5,150,000.

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