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On July 1, 20X1, Stockton Company issued bonds with a face value of $1,000. The bonds were issued for $1,030. Which ONE of the following

On July 1, 20X1, Stockton Company issued bonds with a face value of $1,000. The bonds were issued for $1,030. Which ONE of the following should be included in the journal entry necessary on Stockton's books to record the issuance of these bonds? DEBIT to Premium on Bonds Payable of $30 DEBIT to Cash of $1,000 CREDIT to Premium on Bonds Payable of $30 DEBIT to Bonds Payable of $1,000

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