On 2/1/X1, Openshaw, Inc issued $1,000,000 of bonds at a price of 98. Assuming the bonds have a 3-year term and bear interest at a stated rate of 6% payable annually on May 1st Which of the following is the correct journal entry on 2/1/X1 a. Cash $980,000 Bond Discount 20,000 Bond Payable $1,000,000 b. Cash $980,000 Bond Premium 20,000 Bond Payable $1,000,000 C. Cash $980,000 Bond Discount 20,000 Bond Payable $1,000,000 d. Bond Payable $980,000 Bond Discount 20,000 Cash $1,000,000 O Od