27. On October 1, 2020, Oscar's Construction Company borrows $100,000 from Carruthers Bank on a 3-month, $100,000, 8% note. The entry by Oscar's Construction Company to record payment of the note and accrued interest on January 1,2021 is (assume a calendar year for Oscar's) a. Notes Payable 102,000 Cash....... 102,000 b. Notes Payable 100,000 Interest Payable 2,000 Cash.. 102,000 c. Notes Payable 100,000 Interest Payable 2,000 Cash...... 102,000 d. Notes Payable 100,000 Interest Expense. 2,000 Cash....... 102,000 28. On January 1, 2020, Carter Corporation issued $5,000,000, 10-year, 8% bonds at 98. Interest is payable annually on January 1. The journal entry to record this transaction on January 1, 2020 is a. Cash ........... 5,000,000 Bonds Payable 5,000,000 4,900,000 b. Cash Bonds Payable 4,900,000 4,900,000 100,000 5,000,000 C. Cash Discount on Bonds Payable. Bonds Payable.... d. Premium on Bonds Payable Cash ........... Bonds Payable 100,000 4,900,000 5,000,000