Voters in Phillips City Approved the Construction of a New

Voters in Phillips City approved the construction of a new city hall building and approved a $5 million bond issue with a stated rate of interest of 6 percent 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

A) Debit Cash $50,000; Credit Revenues $50,000; no other entries required.
B) Debit Cash $50,000; Credit Other financing sources-nonreciprocal transfer-in $50,000; no other entries required.
C) Debit Other financing sources-nonreciprocal transfer-out $50,000; credit Cash $50,000.
D) No entry in the debt service fund.