A company repaid $8,000 worth of long-term bonds. Prepare the general journal entry.

DEBIT: Cash for $8,000; CREDIT: Bonds Payable for $8,000

DEBIT: Bonds Payable for $8,000; CREDIT: Equity for $8,000

DEBIT: Bonds Payable for $8,000; CREDIT: Cash for $8,000

DEBIT: Cash for $8,000; CREDIT: Bonds Payable for $8,000