On April 1, 2010, Everly Corporation issued 8% debentures dated January 1, 2010. The debentures had a
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On April 1, 2010, Everly Corporation issued 8% debentures dated January 1, 2010. The debentures had a face value of $3,000,000 and interest was payable on January 1 and July 1. The debentures were sold at par plus accrued interest. To record this event on April 1, 2010, Everly should debit cash for
A.$3,080,000
B.$3,060,000
C.$3,000,000
D.$2,920,000
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