8. Callaway County issued $10,000,000 in bonds at 101 for the purpose of constructing a new County Recreation Center. State law requires that any premium on bond issues be deposited directly in a debt service fund for eventual repayment of bond principal. The journal entry to record issuance of the bonds will require a a. Credit to Bonds Payable in the capital projects fund. b. Credit to Other Financing Sources-Proceeds of Bonds in the capital projects fund. c. Credit to Other Financing Sources-Premium on Bonds in the debt service fund. d. Both b and c are correct