If bonds with a face value of $140,000 are converted into common stock when the carrying value of the bonds is $135,000, the entry to record the conversion will include a debit to

A . Bonds Payable equal to the market price of the bonds on the date of conversion.

B. Discount on Bonds Payable for $5,000.

C. Bonds Payable for $135,000.

D. Bonds Payable for $140,000.