On January 1, 2021, Sheffield Corporation issued $5100000, 10-year, 8% bonds at 103. Interest is payable annually on January 1 The journal entry to record this transaction on January 1, 2021is 5253000 O Cash Bonds Payable Premium on Bonds Payable 5100000 153000 5100000 O Cash Bonds Payable 5100000 O Premium on Bonds Payable 153000 Cash 5100000 Bonds Payable 5253000 5253000 O Cash Bonds Payable 5253000