Cougar Corp. issued a 3-year, 6%, $300,000 bond for $315,000. What is the journal entry for the sale of the bond? Debit Cash 300,000; Credit Bonds Payable 300,000 Debit Cash 315,000; Credit Bonds Payable 315,000 Debit Cash 315,000; Credit Bonds Payable 300,000, Credit Premium on Bonds Payable 15,000 Debit Cash 315,000; Credit Bonds Payable 300,000, Credit Discount on Bonds Payable 15,000