Question 4 of 25 -14 E View Policies Current Attempt in Progress On January 1, 2021, Crane Corporation issued $4000000, 10-year, 6% bonds at 101. Interest is payable annually on January 1. The journal entry to record this transaction on January 1, 2021 is Cash 4040000 Bonds Payable 4040000 Premium on Bonds Payable 40000 Cash 4000000 Bonds Payable 4040000 Cash 4040000 Bonds Payable 4000000 40000 Premium on Bonds Payable Cash 4000000 Bonds Payable 4000000