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Wayne Company issues 5 , 0 0 0 , 1 0 - year, 8 % , $ 1 , 0 0 0 bonds dated January

Wayne Company issues 5,000,10-year, 8%,$1,000 bonds dated January 1,2020, at 97. The journal entry to record the issuance will show a q,
credit to Cash for $4,850,000.
debit to Cash of $5,000,000.
credit to Bonds Payable for $4,850,000.
debit to Discount on Bonds Payable for $150,000.
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