Question
Post Corporation issues 900, 10-year, 8%, $1,000 bonds dated January 1, 2020, at 96. The journal entry to record the issuance will show a Select
Post Corporation issues 900, 10-year, 8%, $1,000 bonds dated January 1, 2020, at 96. The journal entry to record the issuance will show a
Select one:
a. debit to Cash of $900,000.
b. credit to Discount on Bonds Payable for $36,000.
c. credit to Bonds Payable for $864,000.
d. debit to Cash for $864,000.
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Global Accounting And Control A Managerial Emphasis
Authors: Sidney J. Gray, Stephen B. Salter, Lee H. Radebaugh
1st Edition
0471128082, 978-0471128083
