Required information The following information applies to the questions displayed below.) On January 1, Year 1, Hanover Corporation issued bonds with a $49,000 face value, a stated rate of interest of 9%, and a 5-year term to maturity. The bonds were issued at 99. Hanover uses the straight-line method to amortize bond discounts and premiums. Interest is payable in cash on December 31 each year. The journal entry used to record the issuance of the bond and the receipt of cash would be: (Round your answer to the nearest w Multiple Choice 49.000 Bonds Payable 49.000 49,000 Cash Discount on Bonds Payable Bonds Payable 48,902 Multiple Choice 49,000 Cash Bonds Payable 49,000 49,000 Cash Discount on Bonds Payable Bonds Payable 48,902 Cash 48,902 Discount on Bonds Payable Bonds Payable 49,000 Cash Discount on Bonds Payable Bonds Payable . 48,510 4901 49,000