A company issued 4%, 12-year bonds with a par value of $ 350,000, that pay interest semiannually. The market rate was 5% and the bonds were sold for $325,000. What journal entry is required for the sale of these bonds? Cash Bonds Payable $325,000 $325,000 $ 350,000 Bonds Payable Bond Discount Cash $ 25,000 $325,000 $ 375,000 Cash Bond Premium Bonds Payable $ 25,000 $ 350,000 Cash Bond Discount Bonds Payable $325,000 $ 25,000 $ 350,000 $ 350,000 Cash Bonds Payable $ 350,000