L8sson 5 Martin Corporation sells $200,000, 12%, ten-year bonds at face value on January 1. Interest is paid on January 1 and July 1. The entry to record the issuance of the bonds on January 1 is a. 200,000 as Bonds Payable 200,000 200,000 176,000 176,000 b. ash nterest Payable24,000 Bonds Payable C. Cash Interest Expense 24,000 Bonds Payable 200,000 d. Cash 188,000 Interest Expense 12,000 Bonds Payable 200,000