The Glenn Corporation issues 1,000, 10-year, 8%, $2,000 bonds dated January 1 at 96. The journal entry to record the issuance will show a

Select one:

a. credit to Cash for $1,920,00

b. debit to Cash of $2,000,000

c. debit to Discount on Bonds Payable for $80,000

d. credit to Bonds Payable for $1,920,000