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

a$.$

Cash$1,000,000$

Premium on Bonds Payable$20,000$

$$ Bonds Payable$980,000$

b$.$

Cash$980,000$

Premium on Bonds Payable$20,000$

$$ Bonds Payable$1,000,000$

c$.$

Cash$980,000$

Discount on Bonds Payable$20,000$

$$ Bonds Payable$1,000,000$

d$.$

Cash$980,000$

$$ Bonds Payable$980,000$