On January 1 of 2015, Parson Freight Company issues 9.0%, 10-year bonds with a per value of $3, 400,000. the bonds pay interest The market rate of interest is 10.0% and the bond selling pike was $3, 168, 967. The bond issuance should be recoded as: Debt Cash $3, 400,000, credit Bonds Payable $3, 400,000. Debt Cash $3, 168, 962, credit Bunch Payable $3, 568.967. Debt Cash $3, 400,000, credit Bonds Payable $3168, 967; credit Discount on Bonds Payable $2, 31, 033. Debt Cash $3568, 967; debt interest Expense $231, 033, credit Bonds Payable $3, 400,000