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12 2 pts Martinez Corporation issues 2,000, 10-year, 8%, $1,000 bonds dated January 1, 2020, at 98. The journal entry to record the issuance will

12 2 pts Martinez Corporation issues 2,000, 10-year, 8%, $1,000 bonds dated January 1, 2020, at 98. The journal entry to record the issuance will show a credit to Bonds Payable for $2,040,000 debit to Cash for $1,960,000 credit to Discount on Bonds Payable for $40,000 debit to Cash of $2,000,000

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