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Hayden Corporation issues 1 , 0 0 0 1 0 - year, 8 % , $ 2 , 0 0 0 bonds dated January 1

Hayden Corporation issues 1,00010-year, 8%, $2,000 bonds dated January 1 at 92. The entry to journalize the issuance will include a
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credit to Bonds Payable for $2,000,000
debit to Cash for $2,000,000
credit to Cash for $1,840,000
credit to Discount on Bonds Payable for $160,000

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