Bonds with a face amount of $1,000,000 are sold at 98. The entry to record the issuance is 980,000 980,000 1,000,000 a. Cash Bonds Payable b. Cash Premium on Bonds Payable Bonds Payable Os cash Premium on Bonds Payable Bonds Payable 20,000 980,000 980,000 20,000 1,000,000 d. Cash Discount on Bonds Payable Bonds Payable 980,000 20,000 1,000,000