Question
A company issues bond at 98, with a maturity value of $50,000. The entry the company uses to record the original issue should include which
A company issues bond at 98, with a maturity value of $50,000. The entry the company uses to record the original issue should include which of the following?
- A debit to bond discount of $1000
- A credit to bonds payable of $49,000
- A credit to bond premium of $ 1000
- A debit to bonds payable of $ 50,000
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AML Auditing Understanding Transaction Monitoring
Authors: Bob Walsh
1st Edition
1539519740, 978-1539519744
