The journal entry on the maturity date to record the payment of $500,000 of bonds payable that

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The journal entry on the maturity date to record the payment of $500,000 of bonds payable that were issued at a $50,000 discount includes

a. a debit to Bonds Payable for $500,000.

b. a credit to Cash for $550,000.

c. a debit to Discount on Bonds Payable for $50,000.

d. all of the above.

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Financial Accounting International Financial Reporting Standards

ISBN: 9780273777809

1st Global Edition

Authors: Walter T Harrison, Charles Horngren, Bill Thomas, Themin Suwardy

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