On January $1,$ Parson Freight Company issues $7\%,10-$year bonds with a par value of $$2,000,000.$ The bonds pay interest semlannually. The market rate of interest is $8\%$ and the bond selling price was $$1\mathrm{.}864,097.$ The bond issuance should be recorded as:

Multiple Choice

Debit Cash $$2,000,000,$ credit Bonds Payable $$2,000,000$

Debit Cash $$1864,097,$ credit Bonds Payable $$1,864,097.$

Debit Cash $$2,000,000,$ credit Bonds Payable $$1,864,097,$ credt Discount on Bonds Payable $$135,903.$

Debit Cash $$1,864,097,$ debit Discount on Bonds Payable $$135\mathrm{.}903$; credit Bonds Payable $$2,000,000.$

Prey

$40$ of $50$

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