Dubbin Ltd Issues $3 Million in 5-Year,8%,semi-Annual Coupon Debentures B)

Dubbin Ltd issues $3 million in 5-year,8%,semi-annual coupon debentures.The rate of return required by the market is 6% per annum.What is the journal entry to record the issue of the debentures (rounded to the nearest dollar) ?

A)
$$\begin{array} { | l | l | l | l | } \hline \mathrm { Dr } & \text { Cash } & 3255906 & \\\hline \mathrm { Cr } & \text { Debentures } & & 3255906 \\\hline\end{array}$$
B)
$$\begin{array} { | l | l | l | l | } \hline \mathrm { Dr } & \text { Cash } & 2744094 & \\\hline \mathrm { Cr } & \text { Debentures } & & 2744094 \\\hline\end{array}$$
C)
$$\begin{array} { | l | l | l | l | } \hline \mathrm { Dr } & \text { Cash } & 3225466 & \\\hline \mathrm { Cr } & \text { Debentures } & & 3225466 \\\hline\end{array}$$
D)
$$\begin{array} { | l | l | l | l | } \hline \mathrm { Dr } & \text { Cash } & 2775534 & \\\hline \mathrm { Cr } & \text { Debentures } & & 2775534 \\\hline\end{array}$$