The government issued operational bonds to the value of RO 600,000 to finance its general operating expenditure at a 10 % premium. Which one of the following journal entries records this transaction in the general fund?

a.

Bank Account Dr. 660,000, Cash Account Dr. 660,000

b.

Bank Account Dr. 660,000, Proceeds from issue of bonds Account Cr. 600,000, Premium on issue of bonds Account Cr. 60,000

c.

Bank Account Dr. 660,000, Proceeds from issue of bonds Account Dr. 600,000, Premium on issue of bonds Account Dr. 60,000

d.

None of the options