On October 1, 2024 the Company issued 5%, 10-year bonds with a par value of $300,000 at 104. Interest is paid on October 1 and April 1, with any premiums or discounts amortized on a straight-line basis. The entry to record the issuance of the bonds would include:

a.a credit of $7,500 to Accrued Interest Payable.

b. a credit of $12,000 to Premium on Bonds Payable.

c. a credit of $288,000 to Bonds Payable.

d. a debit of $12,000 to Discount on Bonds Payable