On January 1, a company issues bonds dated January 1 with a par value of $460,000. The bonds mature in 5 years. The contract rate is 7% and interest is paid semiannually on June 30 and December 31. The market rate is 8% and the bonds are sold for $441,361. The journal entry to record the issuance of the bond is: Multiple Choice Debit Bands Payable $460,000, debit Bond Interest Expense 518,639, credit Cash 5478,639 Debt Cash $460,000, credit Discount on Bonds Payable $18,639, credit Bonds Payable $441,361 Debit Cash $441,361, debit Discount on Bonds Payable $18,639, credit Bonds Payable 5460,000 Debit Cash $44136t credit Bonds Payable $441,361. Debit Cash $441361, debit Premium on Bonds Payable 518.639. credit Bonds Payable $450.000