Bonds with a Face Amount $1,000,000, Are Sold at 98

Bonds with a face amount $1,000,000, are sold at 98. The entry to record the issuance is:

A) $\begin{array}{lrr}\text { Cash } & 1,000,000 & \\\text { Premium on Bonds Payable } & 20,000 & \\\quad \text { Bonds Payable } & & 1,020,000\end{array}$

B) $\begin{array}{ll}\text { Cash } & 980,000 \\\text { Premium on Bonds Payable }&20,000 \\\text { Bonds Payable }&~~~~~~~1,000,000\\\end{array}$

C) $\begin{array}{lr} Cash & 980,000 \\Discount~ on~ Bonds ~Payable & 20,000\\Bonds~ Pavable&1,000,000\end{array}$

D)
$\begin{array}{l}Cash&980,000\\~~Bonds ~Payable&~~~~~~~~~980,000\end{array}$