Joyce Corporation issues 1,000 ten-year, 8%, $1,000 bonds dated January 1, 2007, at 102. The journal entry to record the issuance will show a _____.
a) debit to Cash of $1,020,000
b) debit to Discount on Bonds Payable for $20,000
c) credit to Bonds Payable for $1,020,000
d) credit to Cash for $1,000,000