on january 1, parson freight company issues 8.5%, 10-year bonds with a par value of $2,300,000. the bonds pay interest semiannually. the market rate of interest is 9.5% and the bond selling price was $2,143,712. the bond issuance should be recorded as: multiple choice debit cash $2,300,000; credit bonds payable $2,300,000. debit cash $2,143,712; credit bonds payable $2,143,712. debit cash $2,300,000; credit bonds payable $2,143,712; credit discount on bonds payable $156,288. debit cash $2,143,712; debit discount on bonds payable $156,288; credit bonds payable $2,300,000. debit cash $2,143,712; debit interest expense $156,288; credit bonds payable $2,300,000.
