The Journal Entry to Record $200,000 of Bonds That Were

Multiple Choice

The journal entry to record $200,000 of bonds that were issued at 104 would be to:

A) debit Cash,$200,000;credit Bonds payable,$200,000.
B) debit Cash,$208,000;credit Bonds payable,$208,000.
C) debit Cash,$208,000;credit Bonds payable,$200,000;credit Premium on bonds payable,$8,000.
D) debit Cash,$200,000;debit Discount on bonds payable,$8,000;credit Bonds payable,$208,000.