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1) If the market rate of interest is greater than the bond's stated rate of interest, the bond will be issued at: A) a discount

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1) If the market rate of interest is greater than the bond's stated rate of interest, the bond will be issued at: A) a discount B) par. C) a premium D) maturity value. 3) A $250,000 issue of bonds that sold for $275,000 matures on June 25, 2020. The journal entry to record the payment of the bond on the maturity date is to: A) debit Cash, $250,000; credit Bonds payable, $250,000. B) debit Bonds payable, $250,000; credit Cash, $250,000. C) debit Cash, $275,000; credit Bonds payable, $275,000. D) debit Bonds payable, $275,000; credit Cash, $275,000

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