On January 1, 2014, Kelly Corp. issues $200,000, 5-year, 7% bonds at face value. The entry to

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On January 1, 2014, Kelly 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 Interest Expense of $14,000.

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Accounting Tools For Business Decision Making

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On January 1, 2014, Kelly Corp. issues $200,000, 5-year, 7% bonds at face value. The entry to

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