How would you record the repayment of a zero coupon bond with a face value of \$70,000 at maturity?

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

Answer: (D)