#14

Freeman Corporation issues 2,00010 -year, 8%,$1,000 bonds dated January 1 at 96 . The entry to journalize the issuance will include a a. credit to Discount on Bonds Payable for $80,000 b. debit to Cash for $1,920,000 c. credit to Bonds Payable for $1,920,000 d. debit to Cash for $2,000,000