Oasis Company Received $391,800 for Bonds Having a Total Face

Multiple Choice

Oasis Company received $391,800 for bonds having a total face value of $400,000. What journal entry would be made to record this bond issuance?

A) Debit Cash for $391,800,debit Discount on Bonds Payable for $8,200,and credit Bonds Payable for $400,000
B) Debit Cash for $400,000,credit Discount on Bonds Payable for $8,200,and credit Bonds Payable for $391,800
C) Debit Cash for $400,000 and credit Bonds Payable for $400,000
D) Debit Cash for $400,000,credit Bonds Payable for $391,800,and credit Interest Payable for $8,200