Blandings Glassware Company Issues $1,000,000 of 8%,10-Year Bonds at 98

Blandings Glassware Company issues $1,000,000 of 8%,10-year bonds at 98 on February 28,2014.The bonds pay interest on February 28 and August 31.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