On January 1, 2020, App Inc. issues 100 bonds, face value $1,000, contractual rate $6% 10 year bonds at 97. Interest is due semi annually. What is the journal entry to record the issuance of these bonds? Select one: O a dr, cash $97,000 cr bonds payable $97,000 Ob dr, cash $100,000 cr bonds payable $100,000 Oc Dr cash $97,000; dr. Discount on bonds payable $3,000 and credit bonds payable $100,000 O d. dr. bonds payable $100,000 cr. cash $97,000 and cr. discount on bonds payable $3,000 If the market rate is less than the bond's stated rate (contractual rate) the bonds will sell: Select one: O a. For face value O b. For more than face value Oc. For less than face value O d. For a discount