QUESTION 7 MNO Co. Issues $500,000 2-year, 6% bonds at par. The journal entry to record this issuance would be: Oa. DR: Cash $500,000; CR: Bonds Payable $500,000 Ob.DR: Cash 5515.000; CR: Bonds Payable $500,000; CR: Bond Interest Expense $15.000 OC. DR: Cash $515,000; CR: Bonds Payable 5515.000 Od.DR: Bonds Payable $500,000; CR: Cash $500.000