Question
On January 1, Blue Inc. issued $101530000, 9% bonds at 106. The journal entry to record the issuance of the bonds will include a debit
On January 1, Blue Inc. issued $101530000, 9% bonds at 106. The journal entry to record the issuance of the bonds will include a debit to Cash for $101530000. a credit to Bonds Payable for $107621800. a credit to Premium on Bonds Payable for $6091800. a credit to Interest Expense for $6091800.
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Advanced Accounting
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
11th Edition
978-0132568968, 9780132568968
