+ Question 28 2 pts ABC issues a bond when the market rate is greater than the coupon rate for the bond. What is the entry to record the issuance? ABC borrows money from a local bank on July 1, 2016. The loan is for $100,000 and the annual interest rate is 12% with repayment of the loan and interest scheduled for June 30, 2017. Assuming that the only entries made prior to June 30, 2017 were the entries on July 1, 2016 to record the origination of the loan and on December 31, 2016 to record the accrual of interest on the loan, what is the entry necessary for ABC to record the repayment of the loan and interest on June 30, 2017. O Debit Cash Credit Bonds Payable O Debit Cash Debit Loan Payable $100,000 Debit Bond Discount Debit Interest Expense $12,000 Credit Bonds Payable Credit Cash $112,000 O Debit Cash Debit Loan Payable $100,000 Debit Bond Premium Debit Interest Expense $6,000 Credit Bonds Payable Debit Interest Payable $6,000 Credit Cash $112,000 O Debit Cash Credit Bonds Payable O Debit Loan Payable $100,000 $12,000 Credit Bond Premium Debit Interest Expense Credit Cash $112,000 O Debit Loan Payable $112,000 Credit Cash $112,000