Nickles Company issued $500,000 of bonds for $498,351. Interest is paid semi-annually. What is the journal entry to record issuance of the bonds?

a.

Cash	500,000
Bonds Payable	500,000

b.

Cash	498,351
Discount on Bonds Payable	1,649
Bonds Payable	500,000

c.

Cash	498,351
Premium on Bonds Payable	1,649
Bonds Payable	500,000

d.

Bond Expense	500,000
Bonds Payable	500,000