A bond issue of $200,000 selling at 98, would require a journal entry including:

a. a credit to Cash for $196,000.

b. a credit to Premium on Bonds Payable for $4,000.

c. a debit to Bonds Payable for $196,000.

d. a debit to Discout on Bonds Payable for $4,000.

My answer is D Thanks