On January 1, Year 1, Bluestone Company issued bonds with a face value of $500,000 at 90. Which of the following journal entries would be required to record the bond issue? Multiple Choice Cash Discount on Bonds Payable monds Payable 450,000 50,000 500,000 Cash Discount on Bonde Payable Bonds Payable 500,000 50.000 550.000 Cash Premium on Bonds Payable Bonds Payable 450,000 50,000 500,000 500,000 Cash Bonds Payable 500,000