Question 4 2 pts My Corporation, Inc., decides to finance a project to upgrade its computer equipment throughout the company by issuing 50 $1.000, 10%, 5-year bonds. What is the correct journal entry if the bonds are issued at 987 1 Cash Bonds Payable 50,000 50,000 2 Cash Discount on Bonds Payalbe Bonds Payable 49,000 1,000 50,000 51,000 3 Cash Premium on Bonds Payable Bonds Payable 1,000 50,000 D 1 2 None of the above