Five thousand bonds with a face value of $1000 each, are sold at 98. The entry to record the issuance is

Five thousand bonds with a face value of $1000 each, are sold at 98. The entry to record the issuance is 4900000 O Cash Bonds Payable 4900000 4900000 Cash Premium on Bonds Payable Bonds Payable 100000 5000000 5000000 Cash Discount on Bonds Payable Bonds Payable 100000 4900000 O Cash Discount on Bonds Payable Bonds Payable 4900000 100000 5000000