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If a company issues $2 million, 8% bonds for $2,056,000, the entry will include a ____. Debit to cash for $2,000,000 Credit to bonds payable
If a company issues $2 million, 8% bonds for $2,056,000, the entry will include a ____.
Debit to cash for $2,000,000 | |
| Credit to bonds payable for $2,056,000 |
| Debit to a discount on bonds payable for $56,000 |
| Credit to a premium on bonds payable for $56,000 |
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