Acme, Inc. issues $100,000 of 10%, five-year bonds that pay interest semiannually. The market rate of interest is 12%. Acme, Inc. actually receives $92,600 upon issuance. What is the journal entry to record the issuance of these bonds? a) Debit Cash $92,600 Debit Discount on Bonds Payable $7,400 Credit Bonds Payable $100,000 b) Debit Bonds Payable $100,000 Credit Cash $100,000 c) Debit Cash $100,000. Credit Discount on Bonds Payable $7,400 Credit Bonds Payable $92,600 d) Debit Interest Expense $5,000 Credit Cash $5,000 Acme, Inc. issues $100,000 of 10%, five-year bonds that pay interest semiannually. The market rate of interest is 8%. Acme, Inc. actually receives $108,115 upon issuance. What is the journal entry to record the issuance of these bonds? a) Debit Cash $108,115 Credit Discount on Bonds Payable $8,115 Credit Bonds Payable $100,000 b) Debit Cash $108,115 Credit Premium on Bonds Payable $8,115 Credit Bonds Payable $100,000 c) Debit Cash $100,000 Credit Discount on Bonds Payable $8,115 Credit Bonds Payable $118,115 d) Debit Cash $100,000 Credit Premium on Bonds Payable $8,115 Credit Bonds Payable $118,115