Moonlight Company sells $350,000 of 9%,15-year bonds for 55.752 on April 1, 2021. The market rate of interest on that day is 17.5\%. Interest is paid each year on April 1 . The entry to record the sale of the bonds on April 1 would be as follows: (Intermediary and final answer calculations are rounded to the nearest whole number.) B. Accounts Debit Credit Cash 195,132 Discount on Bonds Payable 154,868 Bonds Payable 350,000 Cash Mcuuints WCNII veIII Bonds Payable 195,132 D. \begin{tabular}{lcc} Accounts & Debit & Credit \\ \hline & 350,000 & \\ Bonds Payable & & 350,000 \end{tabular}