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Blandings Glassware Company issues $1,150,000 of 15%, 10-year bonds at 95 on February 28, 2017. The bonds pay interest on February 28 and August 31.

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Blandings Glassware Company issues $1,150,000 of 15%, 10-year bonds at 95 on February 28, 2017. The bonds pay interest on February 28 and August 31. The journal entry to record the issuance includes a. A) debit to Cash for $1,150,000 B) credit to Bonds Payable for $1,092,500 C) credit to Discount on Bonds Payable for $57,500 D) debit to Cash for $1,092,500 B

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