On the first day of the fiscal year, Apple Jr. Inc. issues a $1,000,000, 6%, five-year bond that pays semiannual interest of $30,000 ($1,000,000 x6% % %), receiving cash of $936,420. Journalize the entry to record the issuance of the bonds. A. Bonds Payable $1,000,000 (debit): Cash $936,420 (credit) and Discount on Bonds Payable $63,580 (credit); B. Cash $936,420 (Debit) and Discount on Bonds Payable $63.580 (debit): Bonds Payable $1,000,000 (credit) C. Cash $1,000,000 (Debit) and Discount on Bonds Payable $63,580 (debit): Bonds Payable $1,000,000 (credit) D. Cash $1,000,000 (Debit: Bonds Payable $1.000.000 (credit)