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21 NEED HELP ASAP Ward Corporation issues 5,000 10-year 8% $1,000 bonds dated January 1, 2015, at 103. The journal entry to record the issuance
21 NEED HELP ASAP
Ward Corporation issues 5,000 10-year 8% $1,000 bonds dated January 1, 2015, at 103. The journal entry to record the issuance will show a
debit to Cash of $5,000,000. | ||
credit to Premium on Bonds Payable for $150,000. | ||
credit to Bonds Payable for $5,030,000. | ||
credit to Cash for $5,150,000. |
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