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On Jy Is Year 1, DTI issued a $350,000 face value bond at 96. Which of the following joumal entries would be required to record

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On Jy Is Year 1, DTI issued a $350,000 face value bond at 96. Which of the following joumal entries would be required to record the bond when originally issued on January 1st Year 1? Multiple Choice Credi Acco ch Promotion Bord Pete Det 524000 SOBOG $250.000 Debe SOTA Bonds $ 5240100 Db De Body $250.00 Pent Det Cro pscount on Bonds Pay $24000 000 $250,000 Debit Credit Account Cash Premium on Bonds Payable Bonds Payable $240,000 $10,000 $250,000 Account Credit Debit $250,000 Cash Discount on Bonds Payable Bonds Payable $10,000 $240,000 Account Credit Debit $250.000 Cash Bonds Payable $250,000 Debit Credit Account Cash Discount on Bonds Payable Bonds Payable $240.000 $10,000 $250,000 Account Debit Credit Cash $250,000 Premium on Bonds Payable Bonds Payable $10,000 $240,000

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