On January 1, 2017, Concord Corporation issued $5200000, 10-year, 4% bonds at 102. Interest is payable annually on January 1. The journal entry to record this transaction on January 1, 2017 is Cash Bonds Payable 5200000 5200000 O Cash Bonds Payable 5304000 5304000 Premium on Bonds Payable Cash Bonds Payable 104000 5200000 5304000 5304000 Cash Bonds Payable Premium on Bonds Payable 5200000 104000