Question 10 BACK NEXT On January 1, 2020, Meeks Corporation issued $5000000, 10-year, 4% bonds at 102. Interest is payable annually on January 1. The journal entry to record this transaction on January 1, 2020 is Cash 5000000 Bonds Payable 5000000 O Cash 5100000 Bonds Payable 5000000 Premium on Bonds Payable 100000 Cash 5100000 Bonds Payable 5100000 O Premium on Bonds Payable 100000 Cash 5000000 Bonds Payable 5100000