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Dantonio Company issues a $750,000 bond to investors. Dantonio receives $706,500 in proceeds. Dantonio's journal entry at issuance will: a. Debit cash $750,000 and credit
Dantonio Company issues a $750,000 bond to investors. Dantonio receives $706,500 in proceeds. Dantonio's journal entry at issuance will: a. Debit cash $750,000 and credit bonds payable $750,000 O b. Debit cash $706,500 and loss on bond issuance $43,500; and credit bonds payable $750,000 c. Debit cash $706,500 and credits bond payable $706,500 d. Debit cash $706,500 and bond discount $43,500; and credit bonds payable $750,000
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