Cane Corporation issued $800,000, 12% bonds at 97. The entry to record this transaction is:

Group of answer choices

A) debit Cash $800,000; credit Bonds Payable $776,000; credit Discount on Bonds Payable $24,000.

B) debit Cash $776,000; credit Bonds Payable $776,000.

C) debit Cash $800,000; credit Bonds Payable $800,000.

D) debit Cash $776,000; debit Discount on Bonds Payable $24,000; credit Bonds Payable $800,000.