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A corporation issues $7,000,000 of 10-year, 5% bonds dated January 1 at 98. The journal entry to record the issuance will include a credit to

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A corporation issues $7,000,000 of 10-year, 5% bonds dated January 1 at 98. The journal entry to record the issuance will include a credit to Bonds Payable for $7,140,000 O a debit to Cash for $7,000,000 a credit to Cash for $140,000 debit to Discount on Bonds Payable for $140,000. O a debit to Interest Expense for $140,000

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