113 On January 1, Parson Freight Company issues 9.0%, 10-year bonds with a par value of $2,400,000. The bonds pay interest semiannually. The market rate of interest is 10.0% and the bond selling price was $2,236,917. The bond issuance should be recorded as: Skipped Multiple Choice Debit Cash $2,400,000; credit Bonds Payable $2,236,917; credit Discount on Bonds Payable $163,083. Debit Cash $2,400,000; credit Bonds Payable $2,400,000. Debit Cash $2,236,917; debit Interest Expense $163,083; credit Bonds Payable $2,400,000. Debit Cash $2,236,917; debit Discount on Bonds Payable $163,083; credit Bonds Payable $2,400,000. Debit Cash $2,236,917; credit Bonds Payable $2,236,917