Manning Corporation Sells $200,000,12%,10-Year Bonds for 96 on January 1

Manning Corporation sells $200,000,12%,10-year bonds for 96 on January 1.Interest is paid on January 1 and July 1.Straight-line amortization is used.The entry to record the issuance of the bonds on January 1 is:

A) $\begin{array}{|l|lcc|} \hline \text {Cash \quad\quad\quad\quad\quad\quad\quad\quad } &200,000 & \\\hline \text { Bonds Payable } & \quad\quad\quad\quad\quad200,000\\\hline \end{array}$

B) $\begin{array} { | c | r | } \hline \text{ Cash\quad\quad\quad\quad\quad\quad\quad\quad } & 200,000 \\\hline \text { Discount on Bonds Payable } & 8,000 \\\hline \text { Bonds Payable } &\quad\quad\quad\quad\quad 192,000 \\\hline\end{array}$
C) $\begin{array}{|l|lcc|} \hline \text {Cash\quad\quad\quad\quad\quad\quad\quad\quad\quad } &192,000\\\hline \text { Bonds Payable} &\quad\quad\quad\quad\quad\quad192,000\\\hline\end{array}$

D) $\begin{array} { | c | c | } \hline \text { Cash \quad\quad\quad\quad\quad\quad\quad\quad} & 192,000 \\\hline \text { Discount on Bonds Pay. } & 8,000 \\\hline \text { Bonds Payable } &\quad\quad\quad\quad\quad\quad\quad\quad200,000 \\\hline\end{array}$