Gomez Corporation Issues 5,000, 10-Year, 8%, $1,000 Bonds Dated January

Gomez Corporation issues 5,000, 10-year, 8%, $1,000 bonds dated January 1, 2014, at 98. The journal entry to record the issuance will show a

A) debit to Cash of $5,000,000.
B) credit to Discount on Bonds Payable for $100,000.
C) credit to Bonds Payable for $5,000,000.
D) debit to Cash for $4,900,000.