Five thousand bonds with a face value of $1000 each, are sold at 94. The entry to record the issuance is 4700000 Cash Premium on Bonds Payable Bonds Payable 300000 5000000 4700000 Cash Discount on Bonds Payable Bonds Payable 300000 5000000 Cash 4700000 Bonds Payable 4700000 5000000 Cash Discount on Bonds Payable Bonds Payable 300000 4700000