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Cornerstone Exercise 9-23 (Algorithmic) Issuance of Long-Term Debt Anne Corp. issued $375,000, 5% bonds. Required: Provide the necessary journal entry to record the issuance of

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Cornerstone Exercise 9-23 (Algorithmic) Issuance of Long-Term Debt Anne Corp. issued $375,000, 5% bonds. Required: Provide the necessary journal entry to record the issuance of these bonds assuming: a. The bonds were issued at par. Cash 375,000 Bonds Payable 375,000 Record issuance of bond at par Check My Work Forrect b. The bonds were issued at 102. Cash Bonds Payable Premium on Bonds Payable Record issuance of bond at premium Check My Work 3 more Check My Work uses remaining. Previous Next > All work saved. Email Instructor Email Instructor Sa Save and Exit l e Sale Submit Assignment for Grading Check My Work Partially correct C. The bonds were issued at 92. Cash 361.400 Discount on Bonds Payable 31,600 Bonds Payable (Record issuance of bond at discount) Feedback weck My Work a. b. and c. When bonds are issued, any premium or discount is recorded in a separate valuation account Fedback Check My Work Partially correct Check My Work 3 more Check My Work uses remaining. Previous Next All work saved Email Instructor Save and Exit Submit Assignment for Gra

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