Assume Jones Electronics has excess cash to invest and buys 200,000 of face value 5%, five year, Beck Company bonds on January 1 of the current year. The bonds pay interest on June 30 and December 31 each year. What would be the journal entry to record the purchase of the bonds with cash?
A. Debit: Cash, Credit: Bonds Payable
B. Debit: Bonds Payable, Credit: Cash
C. Debit: Investments, Credit: Cash
D. Debit: Cash, Credit: Investments