Question
Casper Company issues bonds with a face value of $900,000 for $1,112,000. Which ONE of the following would be included in the journal entry necessary
Casper Company issues bonds with a face value of $900,000 for $1,112,000. Which ONE of the following would be included in the journal entry necessary on the books of Casper Company?
| DEBIT to Cash of $900,000 | ||
| DEBIT to Premium on Bonds Payable of $212,000 | ||
| DEBIT to Bonds Payable of $900,000 | ||
| CREDIT to Cash of $1,112,000 | ||
| Credit to Premium on Bonds Payable of $212,000 |
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Documentation Improvement Methods The New Accounting Manual
Authors: Athar Murtuza
2nd Edition
0471379387, 978-0471379386
