Pls explain further and show your solution.

A company issues $50 million of bonds at par on January 1, Year 1. The bonds pay 10% interest semi-annually on 12/31 and 6/30 and mature in 20 years. The journal entry when the bonds are sold is:

A.

Account Title	Debit	Credit
Cash	50,000,000
Bonds Payable		50,000,000

B.

Account Title	Debit	Credit
Cash	50,000,000
Interest Expense	2,500,000
Bonds Payable		50,000,000
Interest Payable		2,500,000

C.

Account Title	Debit	Credit
Cash	50,000,000
Interest Expense	5,000,000
Bonds Payable		50,000,000
Interest Payable		5,000,000

D.

Account Title	Debit	Credit
Cash	50,000,000
Interest Expense	500,000
Bonds Payable		50,000,000
Interest Payable		500,000