On January 1, Parson Freight Company issues 8.0%,10-year bonds with a par value of $3,700,000. The bonds pay interest semiannually. The market rate of interest is 9.0% and the bond selling price was $3,448,582. The bond issuance should be recorded as: Multiple Choice Debin Cash $3,700,000, credit Bonds Payable $3,700,000 Debit Cash $3,448,582, credit Bonds Poyable $3.448,582 Debir Cosh \$3,700,000, creon Bonds Poyoble \$3,448,582, credt Discount on Bonds Poyable $2.51,418 Debit Cash $3,448,582; credit Bonds Payable $3,448,582 Debit Cash $3,700,000; credit Bonds Payable \$3,448,582; credit Discount on Bonds Payable \$251,418. Debit Cash $3,448,582; debit Discount on Bonds Payable \$251,418, credit Bonds Payable $3,700,000 Debit Cash $3,448,582; debit Interest Expense $251,418, credit Bonds Payoble $3,700,000