Acme, Inc. issues $100,000 of 10%, five-year bonds that pay interest semiannually. The market rate of interest is 8%. Acme, Inc. actually receives $108,115 upon issuance. What is the journal entry to record the issuance of these bonds? a) Debit Cash $108,115 Credit Discount on Bonds Payable $8,115 Credit Bonds Payable $100,000 O b) Debit Cash $108,115 Credit Premium on Bonds Payable $8,115 Credit Bonds Payable $100,000 Oc) Debit Cash $100,000 Credit Discount on Bonds Payable $8,115 Credit Bonds Payable $118,115 O d) Debit Cash $100,000 Credit Premium on Bonds Payable $8,115 Credit Bonds Payable $118,115