Question 1 On January 1, 2017, Meeks Corporation issued $5,000,000 1, 2017 is 10 year, 4% bonds at 102. Interest is payable annually on January 1 The our al entry to record this transaction on January O Premium on Bonds Payable 100,000 5,000,000 Cash Bonds Payable S,100,000 O Cash 5,100,000 Bonds Payable 5,100,000 O Cash 5,100,000 Bonds Payable Premium on Bonds Payable 5,000,000 100,000 O Cash 5,000,000 Bonds Payable 5,000,000