Question: Webster Company issues $1,000,000 face value, 6%, 5-year bonds payable on December 31, Year 1. Interest is paid semiannually each June 30 and December 31. The bonds sell at a price of 97; Webster uses the straight-line method of amortizing bond discount or premium. The entry made by Webster Company to record issuance of the bonds payable at December 31, Year 1, includes: Question options: A debit to Cash of $1,000,000. A debit to Discount on Bonds Payable of $30,000. A credit to Bonds Payable of $970,000. A credit to Bond Interest Payable of $30,000.