On January 1 2017 Meeks Corporation Issued $5000000 10-Year 4 $\begin{array}{llr} \text { Cash} &5,000,000\\ \text { Bonds Payable} &&5,000,000\\\end{array}$

On January 1 2017 Meeks Corporation issued $5000000 10-year 4% bonds at 102. Interest is payable annually on January 1. The journal entry to record this transaction on January 1 2017 is a.
$\begin{array}{llr} \text { Cash} &5,000,000\\ \text { Bonds Payable} &&5,000,000\\\end{array}$

b.
$\begin{array}{llr} \text { Cash } &5,100,000\\ \text { Bonds Payable} &&5,100,000\end{array}$

c.
$\begin{array}{llr} \text { Premium on Bonds Payable } &100,000\\ \text { Cash} &5,000,000\\ \text { Bonds Payable } &&5,100,000\end{array}$

d.
$\begin{array}{llr} \text {Cash } &5,100,000\\ \text { Bonds Payable } &&5,000,000\\ \text { Premium on Bonds Payable } &&100,000\end{array}$