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Ivy Glenn Corporation issues $2 million of 5-year bonds at 97. The entry to record the sale would correctly include which of the following: (Choose
Ivy Glenn Corporation issues $2 million of 5-year bonds at 97. The entry to record the sale would correctly include which of the following: (Choose all of the correct answers.) Debit to Discount on Bonds Payable for $500,000 O Debit to Cash for $1,940,000 Debit Premium on Bonds Payable for $500,000 O Credit to Discount on Bonds Payable for $60,000 Credit to Bonds Payable for $2,000,000
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