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Nickle Industries needs to raise capital for expansion purposes. Management is considering issuing $1,000,000 of 7.5%, 20-year bonds dated June 1, 2020 with interest

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Nickle Industries needs to raise capital for expansion purposes. Management is considering issuing $1,000,000 of 7.5%, 20-year bonds dated June 1, 2020 with interest payment dates of December 1 and June 1. Nickle's year-end is December 31. The entry to record the issuance of the bonds at maturity value plus accrued interest on August 1, 2020, includes a O A. credit to Interest Payable for $12,500 OB. debit to Interest Expense for $37,500 O C. debit to Cash for $1,000,000 D. credit to Bonds Payable for $1,012,500

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