Question 8 of 20 View Policies Current Attempt in Progress a Martinez Corp. issues 880, 10-year, 8%, $1000 bonds dated January 1, 2020, at 96. The journal entry to record the issuance will show O credit to Bonds Payable for $844800. O debit to Cash for $844800. O credit to Discount on Bonds Payable for $35200. O debit to Cash of $880000. -/1 = : 2

Martinez Corp. issues 880,10 year, 8%,$1000 bonds dated January 1, 2020, at 96 . The journal entry to record the issuance will show a credit to Bonds Payable for $844800. debit to Cash for $844800. credit to Discount on Bonds Payable for $35200. debit to Cash of $880000