On January 1, Parson Freight Company issues 8 0%, 10-year bonds with a par value of $4.200,000. The bonds pay interest semiannually. The market rate of interest is 9.0% and the bond selling price was $3,914,607. The bond issuance should be recorded as: Multiple Choice Debit Cash $4.200,000; credit Bonds Payable $4,200,000 Debit Cosh $3,914.607; credit Bonds Payable $3,914.607 Debit Cash $4,200,000; credit Bonds Payable $3,914.607; credit Discount on Bonds Payable $285,393. Debit Cash $3.914.607: debit Discount on Bonds Payable $285,393, credit Bonds Payable $4,200,000o Debit Cash $3,914,607; debit Interest Expense $285,393; credit Bonds Payable $4.200,000