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Landings Glassware Company issues $1,116,000 of 16%, 10-year bonds at 96 on February 28, 2025. The bonds pay interest on February 28 and August 31.

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Landings Glassware Company issues $1,116,000 of 16%, 10-year bonds at 96 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 $1,116,000 B. debit to Cash for $1,071,360 C. credit to Bonds Payable for $1,071,360 D. credit to Discount on Bonds Payable for $44,640

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