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24-Four thousand (4,000) bonds with a face value of $1,000 each, are sold at 105. The entry to record the issuance is a. Cash ....
24-Four thousand (4,000) bonds with a face value of $1,000 each, are sold at 105. The entry to record the issuance is a. Cash .... 4,200,000 Bonds Payable.... 4,200,000 . b. Cash ..... Premium on Bonds Payable ...... ........... 4,000,000 ... 200,000 Bonds Payable 4,200,000 ................. 4,200,000 C. Cash ... Premium on Bonds Payable.............. . 200,000 'Bonds Payable ... 4,000,000 d. Cash ....... 4,200,000 Discount on Bonds Payable .. 200,000 WIC............ Bonds Payable ..... 4,000,000
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