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Five thousand bonds with a face value of $1000 each, are sold at 86. The entry to record the issuance is Cash 4300000 Discount on

Five thousand bonds with a face value of $1000 each, are sold at 86. The entry to record the issuance is

Cash 4300000
Discount on Bonds Payable 700000
Bonds Payable 5000000
Cash 4300000
Premium on Bonds Payable 700000
Bonds Payable 5000000
Cash 4300000
Bonds Payable 4300000
Cash 5000000
Discount on Bonds Payable 700000
Bonds Payable 4300000

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