6-18. 13. Carson Citys capital projects fund issued $1,000,000 of 10-year 3% serial bonds at 102 on June 15, 2023. Interest payments are made each December 15 and June 15. Annual principal payments begin on June 15, 2024. If the premium is amortized evenly (over 20 interest periods), which of the following entries would be required to record the June 15, 2023, debt issuance?

Debits Credits

a. Debt Service Fund

Cash 1,000,000

Bonds Payable 1,000,000

b. Governmental Activities

Cash 1,200,000

Bonds Payable 1,000,000

Premium on Bonds Payable 200,000

c. Debt Service Fund

Cash 1,200,000

Bonds Payable 1,000,000

Premium on Bonds Payable 200,000

Governmental Activities

Cash 1,200,000

Bonds Payable 1,000,000

Premium on Bonds Payable 200,000

d. Debt Service Fund

Cash 1,200,000

Other Financing SourcesProceeds of Bonds 1,200,000

Governmental Activities

Cash 1,200,000

Other Financing SourcesProceeds of Bonds 1,200,000