The Reed Company Issued $200,000 Par Value,10% Bonds Outstanding That

Multiple Choice

The Reed Company issued $200,000 par value,10% bonds outstanding that were issued at a discount of $9,800.How would the company' record the journal entry to retire the bonds at the date of maturity?

A) Debit Bonds Payable for $200,000 and credit Cash for $200,000.
B) Debit Cash for $200,000 and credit Bonds Payable for $200,000.
C) Debit Cash for $191,200 and credit Bonds Payable for $191,200.
D) Debit Bonds Payable for $191,200 and credit Cash for $191,200.
E) Debit Bonds Payable for $191,200,credit Discount on Bonds Payable for $9,800,and credit Cash for $200,000.