QUESTION 10 A corporation issued a $200,000, 10% coupon, 10 year bond when the yield was 8%. Assume that the selling price is calculated to be $227,100. Which of the following statements is true regarding the journal entry to record the issuance of the bond? Cash should be debited for $200,000 O Premuim on Bonds should be credited for $27,100 Discount of Bonds should be credited for $27,100 Bonds Payable should be debited for $227,100