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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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