Rainbow County issued $1,000,000 in bonds at 102 for the purpose of constructing a new County Recreation Center. State law required that any premium on bond issues be deposited directly in a debt service fund for eventual repayment of bond principal. The journal entry to record issuance of the bond will require a (an): Debit to Other Financing Uses---Premium on Bonds in the debt service fund. Credit to Bonds Payable in the capital projects fund. Credit to Premium on Bonds Payable in the debt service fund. Credit to Other Financing Sources --Proceeds of Bonds in the capital projects fund