What is the correct journal entry for issuing \$50,000 of bonds at a 110% premium?

Debit Cash \$50,000; Credit Bonds Payable \$55,000; Credit Interest Revenue \$5,000

Debit Cash \$55,000; Credit Bonds Payable \$50,000; Credit Premium on Bonds Payable \$5,000

Debit Cash \$55,000; Credit Bonds Payable \$55,000; Credit Retained Earnings \$10,000

Debit Cash \$50,000; Credit Premium on Bonds Payable \$5,000; Credit Bond Interest Payable \$5,000