On January 1, Parson Freight Company issues 7.0%, 10-year bonds with a par value of $3,000,000. The bonds pay interest semiannually. The market rate of interest is 8.0% and the bond selling price was $2,796,147. The bond issuance should be recorded as: Multiple Choice Debit Cash $2,796,147; debit Discount on Bonds Payable $203,853; credit Bonds Payable $3,000,000. Debit Cash $2,796,147; credit Bonds Payable $2,796,147. Debit Cash $3,000,000; credit Bonds Payable $2.796,147; credit Discount on Bonds Payable $203,853. Nahitae annnnnn crort Ronnie