Question $1$

on manum $1.$ pason fremigh company yssules $8\mathrm{.}0\%,10-$year bonds with a par value of $$4,200,000.$ The $$3,914,607.$ The bond issuance should be recorded as:

Debit Cash $$4,200,000$; credit Bonds Payable $$4,200,000.$

O Debit Cash $$3,914,607$; credit Bonds Payable $$3,914,607.$

O Debit Cash $$4,200,000$; credit Bonds Payable $$3,914,607$; credit Discount on Bonds Payable $$285,393.$

O Debit Cash $$3,914,607$; debit Discount on Bonds Payable $$285,393$; credit Bonds Payable $$4,200,000.$

O Debit Cash $$3,914,607$; debit Interest Expense $$285,393$; credit Bonds Payable $$4,200,000.$