A) Cash 196,000 Bonds Payable 196,000 B) Cash Bonds Payable 200,000 200,000 Cash 196,000 Discount on Bonds Payable 4,000 Bonds Payable 200,000 D) Bonds Payable 200,000 Discount on Bonds Payable 4,000 Cash 196,000 16) On January 1, 2025, Cowell Services issued $200,000 of 4% bonds that mature in ten years. The bonds were issued at 98. The journal entry to issue bonds would be: A) Cash Bonds Payable B) Cash Bonds Payable 196,000 196,000 200,000 200,000 Cash 196,000 Discount on Bonds Payable 4,000 Bonds Payable 200,000 D) Bonds Payable 200,000 Discount on Bonds Payable 4,000 Cash 196,000