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Maybelline Corporation issues $3,000.000, 10 - year, 8% bonds dated January 1 at 101. The journal entry to record the issuance will include a: credit

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Maybelline Corporation issues $3,000.000, 10 - year, 8% bonds dated January 1 at 101. The journal entry to record the issuance will include a: credit to Bonds Payable for $3, 030,000. credit to Cash for $3.030.000. credit to Premium on Bonds Payable for $30,000. debit to Cash for $3,000,000

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