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Gomez Corporation issues 2,000, 10-year, 8%, $1,000 bonds dated January 1, 2016, at 98. The journal entry to recordthe issuance will show aa. debit to
Gomez Corporation issues 2,000, 10-year, 8%, $1,000 bonds dated January 1, 2016, at 98. The journal entry to recordthe issuance will show aa. debit to Cash of $2,000,000.b. credit to Discount on Bonds Payable for $40,000.c. credit to Bonds Payable for $1,960,000.d. debit to Cash for $1,960,000.
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