Question 19 of 20 :
Select the best answer for the question 19.
The journal entry for $300,000 of bonds that are issued at 95 is
A. debit Cash, $285,000, credit Bonds payable, $285,000.
B. debit Cash, $300,000; credit Bonds payable, $285,000; credit Premium on bonds payable, $15,000.
C. debit Cash, $300,000; credit Bonds payable, $300,000.
D. debit Cash, $285,000; debit Discount on bonds payable, $15,000; credit Bonds payable, $300,000.
