On January 1, a company issues bonds dated January 1 with a par value of $370,000. The bonds mature in 5 years. The contract rote is 11%, and interest is paid semiannually on June 30 and December 31. The market rate is 10% and the bords are sold for $384 280. The journal entry to record the issuance of the bond is Multiple Choice Debit Casa $384 280: credt Discount on Bonds Payable $14.280 credit Bands Payable $370,000 Debit Casa $384.280, credit Premum on Bonds Payable $4,200 credit Donds Payable $370,000 Debit Cash 5384.280: credt Bonds Payable 3384,280 Debit fonds Payable $370,000, debit Bond Interest Expense $1.280 Credit Cash $384.280