Martin Corporation Sells $200,000,12%,10-Year Bonds at Face Value on January

Martin Corporation sells $200,000,12%,10-year bonds at face value on January 1.Interest is paid on January 1 and July 1.The entry to record the issuance of the bonds on January 1 is:

A) $\begin{array} {| l | l|} \hline \text { Cash\quad\quad\quad\quad } & 200,000 \\\hline \text {\quad\quad\quad\quad Bonds Payable } &\quad\quad\quad\quad\quad\quad\quad 200,000 \\\hline\end{array}$
B) $$\begin{array} {| r |r | r | } \hline \text { Cash \quad\quad\quad\quad\quad} & 200,000 \\\hline \text { Interest Payable } &\quad\quad\quad 24,000 \\\hline \text { Bonds Payable } & 176,000 \\\hline\end{array}$$
C) $\begin{array} {| l | l| } \hline \text { Cash\quad\quad\quad\quad } & 176,000 \quad\quad\quad\quad\\\hline \text { Interest Expense } & 24,000 \\\hline \text { \quad\quad Bonds Payable } &\quad\quad\quad 200,000 \\\hline\end{array}$
D) $\begin{array} {| l | l| } \hline \text { Cash\quad\quad\quad\quad\quad\quad\quad } & 188,000 \\\hline \text { Interest Expense } & 12,000 \\\hline \text { Bonds Payable } &\quad\quad\quad\quad200,000 \\\hline\end{array}$