Bonds

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12. Gomez Corporation issues 900, 10-year, 8%, $1,000 bonds dated January 1, 2017, at 96. The journal entry to record the issuance will show a a. debit to Cash of $900,000. b. credit to Discount on Bonds Payable for $36,000. c. credit to Bonds Payable for $864,000. d. debit to Cash for $864,000. is 13. Five thousand bonds with a face value of $1,000 each, are sold at 102. The entry to record the issuance a. Cash Bonds Payable ..... . .5, 100,000 5, 100,000 b. Cash Premium on Bonds Payable .5,000,000 Bonds Payable 100,000 5,100,000 c. Cash . 5,100,000 Premium on Bonds Payable 100,000 Bonds Payable . 5,000,000 d. Cash .5,100,000 Discount on Bonds Payable 100,000 Bonds Payable . 5,000,000