Question 15 Five thousand bonds with a face value of $2000 each, are sold at 106. The entry to record the issuance is O Cash 10600000 Discount on Bonds Payable Bonds Payable 600000 10000000 O Cash Bonds Payable 10600000 10600000 O Cash 10600000 600000 10000000 Premium on Bonds Payable Bonds Payable Cash Premium on Bonds Payable Bonds Payable 10000000 600000 10600000