Question: need correct answer in 15 mins please Question 8 Mendez Corporation issues 5,000, 10-year, 8%, $1,000 bonds dated January 1, 2017 at 103. The journal

need correct answer in 15 mins please Question 8 Mendez Corporation

need correct answer in 15 mins please

Question 8 Mendez Corporation issues 5,000, 10-year, 8%, $1,000 bonds dated January 1, 2017 at 103. The journal entry to record the issuance will show a 0 1 credit to Cash for $5,150,000. 0 2. credit to Premium on Bonds Payable for $150,000 O 3. debit to Cash of $5,000,000. 4 credit to Bonds Payable for $5,150,000

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