On January 1, 2020, Green Bay Enterprises issued 10%, 10-year bonds with a face amount of $2,000,000 at 108. Interest is payable annually on January 1. The entry when the bond was issued would include a ?

1.credit to premium on bonds payable for $160,000. 2.debit to bonds payable for $2,000,000.

3.debit to cash for $108,000.

4.credit to bonds payable for $2,160,000.