Concord Corporation issues 5800, 10-year, 8%, $1000 bonds dated January 1, 2020, at 98. The journal entry to record the issuance

will show a

credit to Bonds Payable for $5684000.

debit to Discount on Bonds Payable for $116000.

credit to Cash for $5684000.

debit to Cash of $5800000.