Five thousand bonds with a face value of $1000 each, are sold at 86. The entry... Question: Five thousand bonds with a face value of$1000 each, are sold at 86. The entry to record the issuance is

 Cash 4300000 Discount on Bonds Payable 700000 Bonds Payable 5000000
 Cash 4300000 Premium on Bonds Payable 700000 Bonds Payable 5000000
 Cash 4300000 Bonds Payable 4300000
 Cash 5000000 Discount on Bonds Payable 700000 Bonds Payable 4300000

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