On $01/01/2022,$ firm issued $1K$ of $8\%,10-$year, $$1K$ bonds at $98.$ Interest is paid on $\frac{01}{01}$ and $\frac{07}{01}.$ Firm paid $$50K$ in bond issue costs. The entry to record the issuance includes:

A a debit to Discount on Bonds Payable by $$30K$

B a debit to Discount on Bonds Payable by $$70K$

a credit to Bonds Payable by $$950K$

D a debit to Cash by $$980K$

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