On January 1, a corporation issues $100,000 of 5-year, 8% bonds at face value. Which one of the following is one effect of the entry to record the issuance of the bonds?

Group of answer choices

Debit to Bonds Payable for $100,000

Debit to Discount on Bonds Payable for $8,000

Debit to Cash for $100,000

Debit to Cash for $8,000

Credit to Bond Interest Expense of $4,000