On January 1, 2010, Grant Corporation issued $4,000,000, 10-year, 8% bonds at 102. Interest is payable semiannually on January 1 and July 1. The journal entry to record this transaction on January 1, 2010 is a. Cash 4,000,000 Bonds Payable.. 4,000,000 b. Cash . 4,080,000 Bonds Payable 4,080,000 c. Premium on bonds payable 80,000 Cash 4,000,000 Bonds Payable 4,080,000 d. Cash.4,080,000 Bonds Payable 4,000,000 Premium on Bonds Payable.. 80,000