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Flounder Corp. issues 4500, 10-year, 8%, $1000 bonds dated January 1, 2020, at 103. The journal entry to record the issuance will show a
Flounder Corp. issues 4500, 10-year, 8%, $1000 bonds dated January 1, 2020, at 103. The journal entry to record the issuance will show a debit to Cash of $4500000. debit to Premium on Bonds Payable for $135000. credit to Cash for $4635000. credit to Bonds Payable for $4500000
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
12th edition
1119132223, 978-1-119-0944, 1118875052, 978-1119132226, 978-1118875056
