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O A. Cash Bonds Payable On January 1, 2025, Finney Services issued $170,000 of 10% bonds that mature in ten years. They were issued
O A. Cash Bonds Payable On January 1, 2025, Finney Services issued $170,000 of 10% bonds that mature in ten years. They were issued at 94. The bonds pay semiannual interest payments on June 30 and December 31 of each year. The journal entry to issue bonds would be: 170,000 170,000 B. Cash 159,800 Discount on Bonds Payable 10,200 Bonds Payable 170,000 OC. Bonds Payable 170,000 Discount on Bonds Payable 10,200 Cash 159,800 O D. Bonds Payable Cash 170,000 170,000 27.
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