Apple Inc. issues a 10-year zero coupon bond on 1/1/2021 with a par value of $100 million and a market rate of interest of 8%. What is true of Apple Inc.'s journal entry on 12/31/2029?

A. Debit interest expense $10 million

B. Credit discount on bonds payable $6.35 million.

C. Debit interest expense $6.86 million.

D. Credit discount on bonds payable $7.41 million.

E. There is no journal entry on 12/31/2029. The journal entry for 2029 happens on 1/1/2029.