The journal entry to record an $800,000 bond issuance that is sold at 95 would be:

A) Cash $760,000 Accounts Payable $760,000

B) Cash $760,000 Discount on Bonds Payable $40,000 Bonds Payable $800,000

C) Cash $800,000 Discount on Bonds Payable $40,000 Bonds Payable $760,000

D) Cash $760,000 Bonds Payable $760,000