on january 1, 2021, Abc corporation issued $3,000,000, 5-year, 10% bonds at 100. interest is paid semiannually on january 1 and july 1. what is the entry to record the issuance of these bonds on january 1, 2021.

1. debit cash for $3,000,000 and credit bonds payable for $3,000,000.

2. debit bonds payable for $3,000,000 and credit cash for $3,000,000

3. debit cash for $3,000,000; credit premium on bonds payable for $300,000; and credit payable for $3,000,000.

4. debit cash for $2,700,000; debit discount on bonds payable for $300,000; and credit bonds payable for $3,000,000