On January 1, 2019, ABC Corporation issued $2,300,000, 10-year, 9% bonds at 103. The journal entry to record this transaction would include a:

Select one:

a. debit to Discount on Bonds Payable $69,000.

b. credit to Premium on Bonds Payable $69,000.

c. debit to Cash $2,300,000.

d. credit to Bonds Payable $2,369,000.