Cascade County Issued $1 Million of 6 Percent Term Bonds

Cascade County issued $1 million of 6 percent term bonds at 101. These bonds will be used to finance the construction of highways. The entry in the debt service fund to record the receipt of cash should be

A) Debit Cash $10,000; Credit Revenue, $10,000.
B) Debit Cash $10,000; Credit Other financing sources-nonreciprocal transfer-in, $10,000.
C) Debit Cash $1,010,000; Credit Bonds payable $1,000,000 and premium on bonds $10,000.
D) Debit Cash $1,010,000; Credit Other financing sources-nonreciprocal transfer-in $1,010,000.