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answer both questions and just the answers Multiple Choice Question 160 Monty Corp. issues 890, 10-year, 8%, $1000 bonds dated January 1, 2020, at 94.

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Multiple Choice Question 160 Monty Corp. issues 890, 10-year, 8%, $1000 bonds dated January 1, 2020, at 94. The journal entry to record the issuance will show a O debit to Cash for $836600. O credit to Discount on Bonds Payable for $53400. O credit to Bonds Payable for $836600. O debit to Cash of $890000. Multiple Choice Question 118 The collection of a $1100 account within the 2 percent discount period will result in a O credit to Cash for $1078. O credit to Accounts Receivable for $1078. debit to Sales Discounts for $22. debit to Accounts Receivable for $1078

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