On January 1, 2021, ABC Corporation issues $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?

A.debit Bonds Payable for $3,000,0000 and credit Cash for $3,000,000

B.debit Cash for $3,300,000; credit Premium on Bonds Payable for $300,000; and credit Bonds Payable for $3,000,000.

C.debit Cash for $3,000,0000 and credit Bonds Payable for $3,000,000

D.debit Cash for $2,700,000; debit Discount on Bonds Payable for $300,000; and credit Bonds Payable for $3,000,000

debit Cash for $3,000,0000 and credit Bonds Payable for $3,000,000

debit Cash for $2,700,000; debit Discount on Bonds Payable for $300,000; and credit Bonds Payable for $3,000,000