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On January 1 , 2 0 X 1 , Carbonville Company issued bonds with a face value of $ 1 , 0 0 0 .

On January 1,20X1, Carbonville Company issued bonds with a face value of $1,000. The bonds were issued for $920. Which ONE of the following should be included in the journal entry necessary on Carbonvilles books to record the issuance of these bonds?
DEBIT to Bonds Payable of $1,000
DEBIT to Discount on Bonds Payable of $80
DEBIT to Cash of $1,000
CREDIT to Cash of $1,000

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