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The Reed Company issued $200,000 par value, 10% bonds outstanding that were issued at a discount of $9,800. How would the company' record the journal

The Reed Company issued $200,000 par value, 10% bonds outstanding that were issued at a discount of $9,800. How would the company' record the journal entry to retire the bonds at the date of maturity?

Debit Bonds Payable for $200,000 and credit Cash for $200,000.
Debit Cash for $200,000 and credit Bonds Payable for $200,000.
Debit Cash for $191,200 and credit Bonds Payable for $191,200.
Debit Bonds Payable for $191,200 and credit Cash for $191,200.
Debit Bonds Payable for $191,200, credit Discount on Bonds Payable for $9,800, and credit Cash for $200,000.

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