Arco, Inc. issued $200,000 of 4%, 10-year convertible bonds at 102 on July 1, 2016. What is the correct journal entry for the issue, assuming a calendar year end? O A. Debit Credit Date July 1, 2017 204,000 8,000 Account Cash Bond Premium Bonds Payable Paid - in - Capital - Conversion Account Cash Bond Premium Bonds Payable 200,000 12,000 Credit OB. Date July 1, 2017 Debit 204,000 4,000 200,000 Credit . Date Debit July 1, 2017 208,000 Account Cash Bond Premium Bonds Payable Paid-in - Capital - Conversion 4,000 200,000 4,000 OD. Date July 1, 2017 Debit Credit Account Cash Bond Premium Bonds Payable Paid - in - Capital - Conversion 204,000 4,000 200,000 8,000