Ava, Inc., issued 7% bonds, dated January 1 , with a face amount of $279,200 on January 1, 2020 for an issue price of 91.2 The bonds mature in 10 years. For bonds of similar risk and maturity the market yield is 9%. Interest is paid annually on December 31 . When recording the issuance of the bond on January 1, what is the amount is recorded to Discount on Bonds Payable? Also indicate whether the amount would be debited D or credited C to discount on bonds payable by indicating a D or C right next to your amount. (Do not leave a space). If your answer is 1,000 debit, answer 1000D Ava, Inc., issued 7% bonds, dated January 1 , with a face amount of $279,200 on January 1, 2020 for an issue price of 91.2 The bonds mature in 10 years. For bonds of similar risk and maturity the market yield is 9%. Interest is paid annually on December 31 . When recording the issuance of the bond on January 1, what is the amount is recorded to Discount on Bonds Payable? Also indicate whether the amount would be debited D or credited C to discount on bonds payable by indicating a D or C right next to your amount. (Do not leave a space). If your answer is 1,000 debit, answer 1000D