Molina Corporation issues 5,000, 10-year, 8%, $1,000 bonds dated January 1, 2020, at 103. The journal entry to record the issuance will show a:
A. debit to Premium on Bonds Payable for $150,000.
B. credit to Bonds Payable for $5,000,000.
C. debit to Cash of $5,000,000.
D. credit to Cash for $5,150,000.
