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On January 1, 2020, Swifty Corporation issued $3600000, 10-year, 4% bonds at 102. Interest is payable annually on January 1. The journal entry to record
On January 1, 2020, Swifty Corporation issued $3600000, 10-year, 4% bonds at 102. Interest is payable annually on January 1. The journal entry to record this transaction on January 1, 2020 is
| Cash | 3672000 | |
| Bonds Payable | 3600000 | |
| Premium on Bonds Payable | 72000 |
| Cash | 3672000 | |
| Bonds Payable | 3672000 |
| Premium on Bonds Payable | 72000 | |
| Cash | 3600000 | |
| Bonds Payable | 3672000 |
| Cash | 3600000 | |
| Bonds Payable | 3600000 |
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Accounting And Finance
Authors: Michael J. Jones
1st Edition
1118932072, 9781118932070
