Current Attempt in Progress Pina Colada Corp. issues 5200, 10-year, 8%, $1000 bonds dated January 1, 2020, at 95. The journal entry to record the issuance will show a credit to Bonds Payable for $4940000. Odebit to Cash of $5200000. O debit to Discount on Bonds Payable for $260000. Ocredit to Cash for $4940000.