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Molina Corporation issues $5,000,000 of 10-year, 8%, bonds dated January 1, 2020, at 103. The entry to record the issuance will include all of the
- Molina Corporation issues $5,000,000 of 10-year, 8%, bonds dated January 1, 2020, at 103. The entry to record the issuance will include all of the following. EXCEPT:
- a. increase in Premium on Bonds Payable for $150,000.
- b. increase in Cash for $5,150,000.
- c. increase in cash of $5,000,000
- d. increase in Bonds Payable for $5,000,000.
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Accounting for Governmental and Nonprofit Entities
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
15th Edition
978-0256168723, 77388720, 256168725, 9780077388720, 978-007337960
