What journal entry is made at the maturity of a bond with a face value of \$75,000?

• A. Debit Bonds Payable \$75,000, Credit Discount on Bonds Payable \$75,000
• B. Debit Cash \$75,000, Credit Bonds Payable \$75,000
• C. Debit Bonds Payable \$70,000, Credit Cash \$70,000
• D. Debit Bonds Payable \$75,000, Credit Cash \$75,000

Answer: (D)