Bonds with a face amount $1,000,000 are sold at 106. The journal entry to record the issuance is a. Cash 1,060,000 Discount on Bonds Payable Bonds Payable 60,000 1,000,000 b. Cash 1,000,000 60,000 Premium on Bonds Payable Bonds Payable 1,060,000 Oc. Cash 1,060,000 Premium on Bonds Payable Bonds Payable 60,000 1,000,000 d. Cash 1,060,000 Bonds Payable 1,060,000