Creait)? ?, $45,000 c. $150,000 d. $105,000 On January 1, 2014, Meeks Corporation issued $5,000,000, 10-year, 4% bonds at 102. Interest is payable semiannually on January 1 and July 1. The journal entry to record this transaction on January 1, 2014 is Bonds Payable... 5,000,000 b. Cash. 5,100,000 Bonds Payabl c. Premium on Bonds Payable.... Bonds Payabe 5,100,000 100,000 5,000,000 Cash. 5,100,000 r. 5,100,000 Bonds Payable.. Premium on Bonds Payable. .. 5,000,000 100,000