Bonds with a face amount of $1,000,000 are sold for $1,060,000. The journal entry to record the bond issuance is

	a.	Cash 1,000,000 Premium on Bonds Payable 60,000 Bonds Payable 1,060,000
	b.	Cash 1,060,000 Discount on Bonds Payable 60,000 Bonds Payable 1,000,000
	c.	Cash 1,060,000 Bonds Payable 1,060,000
	d.	Cash 1,060,000 Premium on Bonds Payable 60,000 Bonds Payable 1,000,000