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28- Landings Glassware Company issues $1,150,000 of 15%, 10-year bonds at 95 on February 28, 2019. The bonds pay interest on February 28 and August
28-
Landings Glassware Company issues $1,150,000 of 15%, 10-year bonds at 95 on February 28, 2019. The bonds pay interest on February 28 and August 31. The journal entry to record the issuance includes a A. credit to Bonds Payable for $1,092,500 B. credit to Discount on Bonds Payable for $57,500 C. debit to Cash for $1,150,000 D. debit to Cash for $1,092,500Step by Step Solution
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