On January 1, a company issues $500,000 of 4-year, 5% bonds at 101. The entry to record the issue of the bonds is: O a. debit to Cash for $505,000 and credit to Bonds Payable for $505,000 O b. debit to Bonds Payable for $505,000 and credit to Cash for $505,000 O c. debit to Bonds Payable for $500,000 and credit to Cash for $500,000 O d. debit to Cash for $500,000 and credit to Bonds Payable for $500,000