b

On January 1, Parson Freight Company issues 9.0%, 10-yent bonds with a par value of $4.400,000. The bonds pay interest semiannually. The market rate of interest is 100% and the bond selling price was $4125,831 The bond issuance should be recorded as Multiple Choice De Cash $100.000 tons Payee 4.325.03 r.count on date 2008 Dutch creat Bonds Payot 4050 Outit 400.000 Donde $4.000.000 Multiple Choice Debit Cash $4,400,000 credit Bonds Payable $4.125.831 credit Discount on Bonds Payable $274169 Debit Cash $4,125.03t credit Bonds Poyable $4125,831 Debit Cash $4,400,000 credit Bonds Payable $4.400,000 O Debit Cash $4.125.831 debit interest Expense 5274.169. credit Bonds Payable $4.400,000 Debit Cosh $4125.831 debit Discount on Bonds Payable $274169. credit Bonds Payable $4400,000