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Maybelline Corporation issues $2,700,000, 10-year, 10% bonds dated January 1 at 93. The journal entry to record the issuance will include a: credit to Cash

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Maybelline Corporation issues $2,700,000, 10-year, 10% bonds dated January 1 at 93. The journal entry to record the issuance will include a: credit to Cash for $2,511,000. credit to Bonds Payable for $2,511,000 debit to Cash for $2,700,000 debit to Discount on Bonds Payable for $189,000

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