Your company issues $500,000 in bonds at a price of 98. The journal entry used to record the issuance will include a debit to: Multiple Choice Cash for $490,000, a debit to Discount on Bonds Payable for $10,000, and a credit to Bonds Payable for $500,000 Cash for $490,000, a credit to Discount on Bonds Payable for $10,000, and a credit to Bonds Payable for $500,000. Bonds Payable for $500,000, a credit to Discount on Bonds Payable for $10,000, and a credit to Cash for $490,000. Bonds Payable for $490,000, a debit to Discount on Bonds Payable for $10,000, and a credit to Cash for $500,000