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Suppose that Oriole issues 3400,12 -year, 10%,$1000 bonds dated January 1,2025 at 96 . The journal entry to record the issuance of the bonds will

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Suppose that Oriole issues 3400,12 -year, 10%,$1000 bonds dated January 1,2025 at 96 . The journal entry to record the issuance of the bonds will includea debit to Discount on Bonds Payable for $136000. credit to Cash for $3264000. debit to Cash of $3400000. credit to Bonds Payable for $3264000

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