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Four thousand bonds with a face value of $4,000,000 are issued for $4, 160,000. The entry to record the issuance is Select one: A. Cash

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Four thousand bonds with a face value of $4,000,000 are issued for $4, 160,000. The entry to record the issuance is Select one: A. Cash 4, 160,000 Discount on Bonds Payable 160,000 Bonds Payable 4,000,000 B. Cash 4,000,000 Premium on Bonds Payable 160,000 Bonds Payable 4, 160,000 C. Cash 4, 160,000 Premium on Bonds Payable 160,000 Bonds Payable 4,000,000 D. Cash 4, 160,000 Bonds Payable 4, 160,000

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