Maxwell Manufacturing issued $820,000, 10-year, 9% bonds at 95. The journal entry to record this bond issuance will include a:

• credit to Bonds Payable for $779,000.

• credit to Bonds Payable for $820,000.

• credit to Discount on Bonds Payable for $41,000.

• debit to Cash for $820,000.

• debit to Premium on Bonds Payable for $73,800.