Question 3 1 pts On January 1, 2021, GHI Corporation issues $5,000,000, 5-year, 8% bonds at 108. Interest is paid semiannually on January 1 and July 1. What is the entry to record the issuance of these bonds on January 1, 2021? debit Cash for $5,400,0000 and credit Bonds Payable for $5,400,000 debit Cash for $5,400,000; credit Premium on Bonds Payable for $400,000; and credit Bonds Payable for $5,000,000. debit Cash for $5,400,0000; credit Discount on Bonds Payable for $400,000; and credit Bonds Payable for $5,000,000 debit Cash for $5,000,000; debit Premium on Bonds Payable for $400,000; and credit Bonds Payable for $5,400,000