Voters in Phillips City approved the construction of a new $10 million city hall building and approved a $10 million bond issue with a stated rate of interest of 6% to fund the construction. When the bonds were issued, they sold for 101. What are appropriate entries related to the premium? In the debt service fund Answer -Debit Cash $100.000; Credit Revenues $100,000 ; no other entries required. -Debit Cash $100,000; Credit Other Financing SourcesNonreciprocal Transfer $100,000; No other entries required. -Other Financing SourcesNonreciprocal Transfer $100,000; credit Cash $100,000. -No entry in the Debt Service Fund