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it's incorrect Partial Question 4 0.6 / 1.5 pts At the beginning of 2020, Subsidiary S issued $100,000 of 10 percent, 10- year bonds at

it's incorrect

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Partial Question 4 0.6 / 1.5 pts At the beginning of 2020, Subsidiary S issued $100,000 of 10 percent, 10- year bonds at $98,000. Two years later, at the beginning of 2022, the Parent P acquired S's bonds from outsider bondholders for $100,800. The book value of the bonds in S's books at the beginning of 2022 was $98,400. What is the entry prepared in P's books to record the acquisition of S's bonds at the beginning of 2022? Investment in S's Bonds Not included Bonds Payable Debit $98,400 Premium on Bonds Payable Deibt $2,400 Discount on Bonds Payable Not included Cash Credit $100,800

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