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Cheyenne Corp. issues 840, 10-year, 8%, $1000 bonds dated January 1, 2020, at 97. The journal entry to record the issuance will show a debit

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Cheyenne Corp. issues 840, 10-year, 8%, $1000 bonds dated January 1, 2020, at 97. The journal entry to record the issuance will show a debit to Cash of $840000 debit to Cash for $814800, credit to Bonds Payable for $814800. credit to Discount on Bonds Payable for $25200

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