The Mckinsey Corp. pays off (redeems/retires) a $500,000 bond on the maturily date whth a stated contractual interest rate of 5%. The bonds were origlnally issued by jones for $525,000. Assuming accrued interest has been pald, the journal entry to record the payment at maturily will include: A. Debit to cash for $500,000 and a credit to bonds payable for $500,000. B. Debit to Bonds Payable for $525,000 and a credit to cash for $525,000. C. Deblt to Bonds Pyable for $500,000 and a credit to cash for $500,000. D. Debit to Bonds Payable for $500,000, a debit to Premium on Bonds Pyable for $25,000, and a credit to cash for $525,000