5500 bonds with a face value of $1000 each, are sold at 94. The entry to record the issuance is Cash 5500000 Discount on Bonds Payable 330000 Bonds Payable 5170000 Cash 5170000 Bonds Payable 5170000 Cash 5170000 Premium on Bonds Payable 330000 Bonds Payable 5500000 Cash 5170000 Discount on Bonds Payable 330000 Bonds Payable 5500000