Current Attempt in Progress Five thousand bonds with a face value of $1000 each, are sold at 88. The entry to record the issuance is Cash Bonds Payable 4400000 4400000 O Cash 5000000 Discount on Bonds Payable 600000 Bonds Payable 4400000 Cash Premium on Bonds Payable Bonds Payable 4400000 600000 5000000 Cash 4400000 Discount on Bonds Payable 600000 Bonds Payable 5000000