On January1, Hanley Corporation issued $2,300,000, 10year, 9% bonds at 101. The journal entry to record this transaction would includea:

A.

debit to Discount on Bonds Payable $23,000.

B.

credit to Bonds Payable $2,323,000.

C.

debit to Cash $2,300,000.

D.

credit to Premium on Bonds Payable $23,000.