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On March 1, 20X1, Cage Company issued at face value 5,000 bonds with a face value of $1,000. The journal entry to record the issuance
On March 1, 20X1, Cage Company issued at face value 5,000 bonds with a face value of $1,000.
The journal entry to record the issuance of these bonds will include which of the following?
A CREDIT to Bond Payable for $5,000
A CREDIT to Bond Payable for $5,000,000
A CREDIT to Bond Revenue for $5,000,000
A CREDIT to Retained Earnings for $5,000
A CREDIT to Retained Earnings for $5,000,000
A CREDIT to Bond Revenue for $5,000
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