On January 1,2023 , Entity B issued $500,000,8% bonds payable at 103 in order to finance a new venture. The bonds mature in 5 years and pay interest annually on December 31 . The journal entry to record issuance of the bonds includes: a debit to bond interest expense of $37,000. a credit to bonds payable of $515,000 a debit to discount on bonds payable of $15,000 a debit to cash of $515,000