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Bonds with a face amount of $1,000,000 are sold for $1,060,000. The journal entry to record the bond issuance is a. Cash 1,000,000 Premium on
Bonds with a face amount of $1,000,000 are sold for $1,060,000. The journal entry to record the bond issuance is
| a. | Cash 1,000,000 Premium on Bonds Payable 60,000 Bonds Payable 1,060,000 | |
| b. | Cash 1,060,000 Discount on Bonds Payable 60,000 Bonds Payable 1,000,000 | |
| c. | Cash 1,060,000 Bonds Payable 1,060,000 | |
| d. | Cash 1,060,000 Premium on Bonds Payable 60,000 Bonds Payable 1,000,000 |
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