Exhibit 14-6 Jones Corporation Issued $400,000 of Its 8%, 10-Year Bonds, Dated

Exhibit 14-6
Jones Corporation issued $400,000 of its 8%, 10-year bonds, dated January 1, 2016, at face value plus accrued interest on May 1, 2016. Interest is paid on January 1 and July 1. Jones uses the most common method to record the sale of the bonds between interest payment periods.
-Refer to Exhibit 14-6. The entry to record the sale would include a

A) credit to Interest Expense for $10,667.
B) debit to Cash for $400,000.
C) credit to Bonds Payable for $410,667.
D) credit to Premium on Bonds Payable for $10,667.