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Five thousand bonds with a face value of $1000 each, are sold at 96. The entry to record the issuance is Cash 5000000 Discount on
Five thousand bonds with a face value of $1000 each, are sold at 96. The entry to record the issuance is
| Cash | 5000000 | |
| Discount on Bonds Payable | 200000 | |
| Bonds Payable | 4800000 |
| Cash | 4800000 | |
| Bonds Payable | 4800000 |
| Cash | 4800000 | |
| Premium on Bonds Payable | 200000 | |
| Bonds Payable | 5000000 |
| Cash | 4800000 | |
| Discount on Bonds Payable | 200000 | |
| Bonds Payable | 5000000 |
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Fundamentals of Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
5th edition
978-0077924379, 77924371, 978-0078025396, 78025397, 978-0077425654, 77425650, 978-0077667061
