On 01/01/2022, firm issued 1K of 8%, 10-year, $1K bonds at 98. Interest is paid on 01/01 and 07/01. Firm paid $ 50K in bond issue costs. The entry to record the issuance includes :
A. a debit to Discount on Bonds Payable by $30K
B. a debit to Discount on Bonds Payable by $ 70K
C. a credit to Bonds Payable by $950K
D. a debit to Cash by $980K