On the date of issue, Radisch Corporation sells $5 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

$4,900,000 Cr.

$0 Dr.

$5,000,000 Cr.

$10,000 Dr.

$5,000,000 Cr.

$100,000 Dr.

$4,900,000 Cr.

$1,200,000 Dr.