On January 1, 2004, Scissors Corp. issues $200,000, 5-year, 7% bonds at face value. The entry to

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On January 1, 2004, Scissors Corp. issues $200,000, 5-year, 7% bonds at face value. The entry to record the issuance of the bonds would include a:

(a) debit to cash for $14,000.

(b) debit to bonds payable for $200,000.

(c) credit to bonds payable for $200,000.

(d) credit to bond interest expense of $14,000.

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Financial Accounting Tools For Business Decision Making

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Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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On January 1, 2004, Scissors Corp. issues $200,000, 5-year, 7% bonds at face value. The entry to

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Financial Accounting Tools For Business Decision Making

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