Hype Inc issues bonds with the following information:

Par Value	$100,000
Term	12 years
Contract Interest Rate	5%
Issue Price	103

What is the journal entry at issuance?

[ Select ] ["CR", "", "DR", ""] [ Select ] ["Bonds Payable", "Cash"] [ Select ] ["100,000", "97,000", "103,000", "105,000"]

[ Select ] ["DR", "CR"] [ Select ] ["Discount", "Premium"] [ Select ] ["5,000", "3,000"]

[cr] [ Select ] ["Cash", "Bonds Payable"] [ Select ] ["100,000", "103,000", "97,000"]