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Casper Company issues bonds with a face value of $100,000 for $112,000. Which ONE of the following would be included in the journal entry necessary
Casper Company issues bonds with a face value of $100,000 for $112,000. Which ONE of the following would be included in the journal entry necessary on the books of Casper Company?
| A. DEBIT to Cash of $100,000 | ||
| B. DEBIT to Premium on Bonds Payable of $12,000 | ||
| C. CREDIT to Cash of $100,000 | ||
| D. CREDIT to Premium on Bonds Payable of $12,000 | ||
| E. DEBIT to Bonds Payable of $100,000 |
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