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On the date of issue, Vaughn Corporation sells $6.3 million of 5-year bonds at 98. The entry to record t following debits and credits: Bonds

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On the date of issue, Vaughn Corporation sells $6.3 million of 5-year bonds at 98. The entry to record t following debits and credits: Bonds Payable Discount On Bonds Payable O $6174000 Cr. $1512000 Dr. $6300000 Cr. $12600 Dr. O $6174000 Cr. $0 Dr. $6300000 Cr. $126000 Dr

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