Miranda Corporation issued $200,000 of 12%, ten-year bonds for $220,000. The entry to record the issuance of the bonds includes a __________.

Question options:

a)

debit to Bonds Payable for $200,000

b)

credit to Premium on Bonds Payable for $20,000

c)

credit to Bonds Payable for $220,000 - I KNOW IT'S NOT THIS ONE

d)

credit to Cash for $220,000