Blanding Company Issues $1,000,000 of 8%,10-Year Bonds at 98 on February

Blanding Company issues $1,000,000 of 8%,10-year bonds at 98 on February 28,2014.The bond pays interest on February 28 and August 31.The market rate of interest on the issuance date was 10%.The journal entry to record the issuance would include a:

A) debit to Cash for $1,000,000.
B) credit to Bonds payable for $980,000.
C) credit to Discount on bonds payable for $20,000.
D) debit to Cash for $980,000.