On January 1, 2021 ABC corporation issues $3,000,000 5-year 10% bond, at 100. Interest is paid semiannually on January 1 and July 1. what is the entry to record the insurance of these bonds on January 1, 2021?

A) debit cash for $3 million in credit bonds payable for $3 million

B) Debit cash for $3,300,000, Credit premium and bonds payable for $300,000, & credit bonds payable for 3 million

C) debit bonds payable for $3 million in credit cash for $3 million

D) debit cash for $2,700,000, debit discount and bonds payable for $300,000, & Credit bonds payable for $3 million