Use the Information Above to Answer the Following Question

Multiple Choice

Use the information above to answer the following question.What journal entry would be made to record this bond issuance?

A) Debit Cash for $783,600, debit Discount on Bonds Payable for $16,400, and credit Bonds Payable for $800,000
B) Debit Cash for $800,000, credit Discount on Bonds Payable for $16,400, and credit Bonds Payable for $783,600
C) Debit Cash for $800,000 and credit Bonds Payable for $800,000
D) Debit Cash for $800,000, credit Bonds Payable for $783,600, and credit Interest Payable for $16,400