On the date of issue, Marigold Corporation sells $$5\mathrm{.}6$ million of $5-$year bonds at $98.$ The entry to record the sale will include the following debits and credits:

Bonds Payable

Discount on Bonds

Payable

$$5488000Cr.$

$$0$ Dr$.$

$$5488000Cr.,$$$1344000Dr.$

$$5600000$ Cr$.,$$$11200$ Dr$.$

$$5600000Cr.,$$$112000Dr.$