On January 1. Hanley Corporation issued $1,700,000,10 - year, 8 th bonds at 103 . The journal entry to record this transaction would include a: A. debit to Cash $1,700,000. B. credit to Premium on Bonds Payable $51,000. C. debit to Discount on Bonds Payable \$51,000. D. credit to Bonds Payable 31,751,000