On January 1, 2013, Carter Corporation issued $5,000,000, 10-year, 8% bonds at 103. Interest is payable semiannually on January 1 and July 1. The journal entry to record this transaction on January 1, 2013 is

A)Debit: Cash 5000000 Credit: Bonds Payable 5000000

B) Debit: Cash 5150000 Credit: Bonds Payable 5150000

C) Debit: Premium on bonds payable 150000 Debit: Cash 5000000 Credit: bonds payable 5150000

D) Debit: cash 5150000 Credit: bonds payable 5000000 Credit: premium on bonds payable 150000

Question 17 options: 1) a 2) b 3) c 4) d