Question
A company issues bonds 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 bonds 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?
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A debit to bond discount of $1,000.
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A credit to bond premium of $1,000.
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A credit to bonds payable of $49,000.
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A debit to bonds payable of $50,000.
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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
3rd edition
78025427, 978-0077736460, 007773646X, 978-0078025426
