Question
Gomez Corporation issues 900, 10-year, 8%, $1,000 bonds dated January 1, 2020, at 96. The entry to record the issuance would include all of the
Gomez Corporation issues 900, 10-year, 8%, $1,000 bonds dated January 1, 2020, at 96. The entry to record the issuance would include all of the following EXCEPT:
| increase in Cash of $864,000. | ||
| increase in Discount on Bonds Payable of $36,000. | ||
| increase in Bonds Payable of $900,000. | ||
| increase in Bonds Payable of $864,000. |
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College Accounting Ch 1-12
Authors: Dansby
5th Edition
0763834955, 978-0763834951
