The reagan corporation issues 1000 10-year 8 1000 bonds

Question

The Reagan Corporation issues 1,000, 10-year, 8%, $1,000 bonds dated January 1, 2014, at 92. The journal entry to record the issuance will show a:

a. Credit to Discount on Bonds Payable for $80,000. 

b. Credit to Cash for $920,000. 

c. Debit to Cash of $1,000,000. 

d. Credit to Bonds Payable for $1,000,000.