On the first day of the fiscal year, Loom Inc. issues a $2,000,000, 12%, five-year bond that pays semiannual interest of $120,000 ($2,000,000 x 12% *), receiving cash of $2,154,440. The correct journal entry is: A None of the listed below B. Cash $2,000,000 (Debit): Premium on Bonds Payable $154.440 (credit); Bonds Payable $1,845,560 (credit) C. Cash $2,154.440 (credit): Premium on Bonds Payable $154.440 (debit): Bonds Payable $2,000,000 (debit) D. Cash $2,154,440 (Debit): Premium on Bonds Payable $154,440 (credit); Bonds Payable $2,000,000 (credit)