View Policies Current Attempt in Progress Five thousand bonds with a face value of $1000 each, are sold at 105. The entry to record the issuance is O Cash Premium on Bonds Payable Bonds Payable O Cash Bonds Payable 5000000 250000 5250000 5250000 5250000 Cash 5250000 Discount on Bonds Payable 250000 Bonds Payable 5000000 O Cash 5250000 Premium on Bonds Payable 250000 Bonds Payable 5000000