Issuance of Long-Term Debt

Anne Corp. issued $359,000, 5% bonds.

Required:

Provide the necessary journal entry to record the issuance of these bonds assuming:

here are the options that you can put one in each one of them (cash, bonds payable, discount on account payable, interest expense, preimum on bonds payable)

here are the options that you can put one in each one of them (cash, bonds payable, discount on account payable, interest expense, preimum on bonds payable)

a. The bonds were issued at par. Record issuance of bond at par