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On April 1, 2020, Bond Corporation issued 9% debentures dated January 1, 2020. The debentures had a face value of $3,000,000 and interest was payable
On April 1, 2020, Bond Corporation issued 9% debentures dated January 1, 2020. 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, 2020, Everly should debit cash for
a. | $2,920,000. | |
b. | $3,000,000. | |
c. | $3,060,000. | |
d. | $3,067,500. |
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