[The Following Information Applies to the Questions Displayed Below

Multiple Choice

[The following information applies to the questions displayed below.]
Webster Company issues $1,000,000 face value,6%,5-year bonds payable on December 31,2018.Interest is paid semiannually each June 30 and December 31.The bonds sell at a price of 97;Webster uses the straight-line method of amortizing bond discount or premium.
-The entry made by Webster Company to record issuance of the bonds payable at December 31,2018,includes:

A) A debit to Cash of $1,000,000.
B) A debit to Discount on Bonds Payable of $30,000.
C) A credit to Bonds Payable of $970,000.
D) A credit to Bond Interest Payable of $30,000.