Calder Company issues 12-year bonds with a face value of $20,000,000 and a stated annual interest rate of 6%. The bonds pay interest semiannually on June 30 and December 31. The market rate of interest on the date of issue is 8%. What journal entry will the company make to record the bond issue? Dr. Cash 16,950,607 Dr. Discount on Bonds Payable 3,049,393 Cr. Bonds Payable 20,000,000 Dr. Cash 18,122.985 Dr. Discount on Bonds Payable 1,877,015 Cr. Bonds Payable 20,000,000