Five thousand bonds with a face value of $2000 each are sold at 107 The entry to record the issuances O Cash Bonds Payable 10700000 10700X000 10700000 O Cash Premium on Bonds Payable Bonds Payable 700000 1000000 O Cash Premium on Bonds Payable Bonds Payable 10000000 700000 10700000 10700000 O Cash Discount on Bonds Payable Bonds Payable 700000 1000X1000