Question
Five thousand bonds with a face value of $1000 each, are sold at 85. The entry to record the issuance is Cash4250000 Discount on Bonds
Five thousand bonds with a face value of $1000 each, are sold at 85. The entry to record the issuance is
Cash4250000
Discount on Bonds Payable750000
Bonds Payable5000000
Cash4250000Premium on Bonds Payable750000Bonds Payable5000000
Cash5000000Discount on Bonds Payable750000Bonds Payable4250000
Cash4250000
Bonds Payable4250000
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Accounting for Decision Making and Control
Authors: Jerold Zimmerman
9th edition
125956455X, 978-1259564550
