On January 1, 2021, Crane Corporation issued $5400000, 10-year, 9% bonds at 102 . Interest is payableannually on January 1 . The journal entry to record this transaction on January 1,2021 is Cash 5508000 Bonds Payable 5508000 Cish 5400000 Bonds Payable 5400000 Cosht 5508000 Bonds Payatile 5400000 Premiutn on Bands 101000 Payable Premiumon Honds Payable Contert Q My Derre-Google. M MyHarper |Students Q Psaptrasing tool - Content Question 30 of 31 Bonds payable 5400000 Cach 5508000 Bonds Payabie 5400000 Premium on Bonds 108000 Payable Premium on Bonds Payable 108000 Cash 5400000 Bonds Payable 5508000