When the market rate is

12%

, a company issues

$50,000

of

9%,10

-year bonds and pay interest semiannually. When the bonds mature, the issuer records its payment of principal with a debit to in the amount of\ Bonds payable;

$95,000

\ Cash;

$95,000

\ Bonds Payable;

$50,000

\ Cash;

$50,000

When the market rate is 12%, a company issues $50,000 of 9%, 10-year bonds and pay interest semiannually. When the bonds mature, the issuer records its payment of principal with a debit to in the amount of. O Bonds payable; $95,000 O Cash; $95,000 O Bonds Payable; $50,000 O Cash; $50,000