On the date of issue, Chudzick Corporation sells $5 million of 5-year bonds at 97. The entry to record the sale will include the following debits and credits:

Bonds Payable	Discount on Bonds Payable
$4,850,000 Cr.	$0 Dr.

Bonds Payable	Discount on Bonds Payable
$5,000,000 Cr.	$150,000 Dr.

Bonds Payable	Discount on Bonds Payable
$5,000,000 Cr.	$1,250,000 Dr.

Bonds Payable	Discount on Bonds Payable
$5,000,000 Cr.	$15,000 Dr.