On July 1,2013 , TSLA Company issued

$2,000,000

of 10-year,

8.5%

bonds at 99 . TSLA uses the straight-line amortization method to determine interest expense. Interest is paid each June 30 and December 31. The entry recorded by TSLA Company on June 30, 2023 upon maturity at the end of the bond's term will include:\ debit to Cash of

$2,000,000

.\ credit to Discount on Bonds Payable of

$20,000

.\ credit to Cash of

$1,980,000

\ debit to Bonds Payable of

$2,000,0000

On July 1,2013, TSLA Company issued $2,000,000 of 10 -year, 8.5% bonds at 99 . TSLA uses the straight-line amortization method to determine interest expense. Interest is paid each June 30 and December 31. The entry recorded by TSLA Company on June 30, 2023 upon maturity at the end of the bond's term will include: debit to Cash of $2,000,000. credit to Discount on Bonds Payable of $20,000. credit to Cash of $1,980,000 debit to Bonds Payable of $2,000,0000