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Landings Glassware Company issues $1,034,000 of 14%, 10-year bonds at 94 on February 28, 2025. The bonds pay interest on February 28 and August 31.

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Landings Glassware Company issues $1,034,000 of 14%, 10-year bonds at 94 on February 28, 2025. The bonds pay interest on February 28 and August 31. The journal entry to record the issuance includes a A. debit to Cash for $1,034,000 B. credit to Bonds Payable for $971,960 C. credit to Discount on Bonds Payable for $62,040 D. debit to Cash for $971,960

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