5 3 points Gave Answer On January 1, 2022 Elison Co. issued eight year bonds with a face value of $1,000,000 and a stated interest rate of 6%, payable semannually on June 30 and December 31 The bonds were sold to yield 8% Table values are Present value of 1 for 8 periods of 6% Present value of 1 for periods at Present value of 1 for 16 periods at 3% Present value of 1 for 16 periods at 4% Present value of annuity for 8 periods at 0% Present value of annuity for 8 periods at 0% Present value of annuity for 16 periods at 3% Present value of annuity for 16 periods at 4% 627 540 623 534 6.210 5.747 12.561 11.652 The Issue Price of the bonds will require a journal entry by Ellison Co. that includes... Oa a debit to Discount on Bonds Payable for $115,180 Ob a credit to Bonds Payable for $883.560 Oca credit to Discount on Bonds Payable for $116.440