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Help on Accounting Question 5 3.33 pts On January 1, 2020. Tiger Inc. issued $500,000 face value, 6%.5 year bonds for 101. The bonds pay
Help on Accounting
Question 5 3.33 pts On January 1, 2020. Tiger Inc. issued $500,000 face value, 6%.5 year bonds for 101. The bonds pay interest semiannually on June 30 and December 31. The journal entry necessary on January 1, 2025 at maturity would include: A debit to Cash for $505.000, a credit to Premium on Bonds Payable for $5.000, and a credit to Bonds Payable for $500.000 Adebit to Cash for $495.000, a credit to Discount on Bonds Payable for $5,000 and a credit to Bonds Payable for $500.000 A debit to Bonds Payable for $505.000, and a credit to Cash for $505,000 Adebit to Bonds Payable for $500,000, and a credit to Cash for $500.000Step by Step Solution
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