On January 1, 2020, Swifty Corporation issued $4900000, 10-year, 4% bonds at 102. Interest is payable annually on January 1. The joural entry to record this transaction on January 1, 2020 is O Cash 4998000 Bonds Payable Premium on Bonds Payable 4900000 98000 Premium on Bonds Payable Cash Bonds Payable 98000 4900000 4998000 O Cash 4900000 Bonds Payable 4900000 Cash 4998000 Bonds Pavable 4998000

On January 1,2020,5 wifty Corporation issued $4900000,10-year, 4% bonds at 102 . Interest is payable annually on January 1 . The joumal entry to record this transaction on January 1,2020 is