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On January 1, 2018, Karma Corp. issued $300,000, 3%, 10-year bond. At the time of issuance, the the rate of return of similar investments was
On January 1, 2018, Karma Corp. issued $300,000, 3%, 10-year bond. At the time of issuance, the the rate of return of similar investments was 4.5%. The semi-annual interest is paid on June 30 and December 31. In recording the issuance of the bond, Karma Corp. should: (Round up your calculations to the closest integer; meaning no decimals) O A. debit Cash for $300,000. O B. credit Discount on Bponds Payable for $35,918. O C. credit Bonds Payable for $$264,082. OD. debit Cash for $264,082
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