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Four thousand bonds with a face value of $4,000,000 are issued for $4,160,000. The entry to record the issuance is Select one: A. Cash 4,160,000
Four thousand bonds with a face value of $4,000,000 are issued for $4,160,000. The entry to record the issuance is Select one: A. Cash 4,160,000 Bonds Payable 4,160,000 O B. Cash 4,160,000 Premium on Bonds Payable 160,000 Bonds Payable 4,000,000 O C. Cash 4,160,000 Discount on Bonds Payable 160,000 Bonds Payable 4,000,000 D. Cash 4,000,000 Premium on Bonds Payable Bonds Payable 160,000 4,160,000
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