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Pronghorn Corp issues 5300, 10-year, 8%, $1000 bonds dated January 1, 2020, at 101. The journal entry to record the issuance will show a credit

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Pronghorn Corp issues 5300, 10-year, 8%, $1000 bonds dated January 1, 2020, at 101. The journal entry to record the issuance will show a credit to Cash for $5353000 O credit to Bonds Payable for $5300000 debit to Premium on Bonds Payable for $53000 O debit to Cash of $5300000 The following information was taken from Tamarisk, Inc. cash budget for the month of April Beginning cash balance Cash receipts Cash disbursements Depreciation $125000 112000 141000 27500 If the company has a policy of maintaining an end of the month cash balance of $104000, the amount the company would have to borrow's $0. $29000 $120000 $8000

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