A corporation issued 3,000 bonds with a face value of $1,000 each at 96. The journal entry to record the issuance includes a credit to Bonds Payable for $2.880,000. a debit to Discount on Bonds Payable for $120,000. O a debit to Cash for $3,000,000, a debit to Premiums on Bonds Payable for $120,000. O a credit to Interest Expense for $120.000