Help Save & Exit Submi On January 1, Parson Freight Company Issues 7.0%, 10-year bonds with a par value of $3,500,000. The bonds pay Interest semiannually. The market rate of Interest is 8.0% and the bond selling price was $3,262,169. The bond Issuance should be recorded as: Multiple Choice Debit Cash $3.262169; debit Interest Expense $237.831: credit Bonds Payable $3,500,000 Debit Cash $3.262169; credit Bonds Payable $3.262,169. Debit Cash $3.500,000 credit Bonds Payable $3,500,000 Debit Cash $3,262 69. debit Discount on Bonds Payable $237.83 crede Bonds Payable $3.500.000 Debit Cost $7.500.000.creat Bones Payable $3.262069; credit Discount on Bonds Payable $28783