bond issuance should be recorded as: Multiple Choice Debit Cash $2,300,000; credit Bonds Payable $2,300,000. Debit Cash $2,143,712; credit Bonds Payable $2,143,712 Debit Cash $2,300,000; credit Bonds Payable $2,143,712; credit Discount on Bonds Payable $156,288. Debit Cash $2,143,712; debit Discount on Bonds Payable $156,288; credit Bonds Payable $2,300,000. Debit Cash $2,143,712; debit Interest Expense $156,288; credit Bonds Payable $2,300,000