QUESTION 13 Spur Company issued bonds with a par value of $670,000 (and market value of $660,000) to acquire all net assets of Jasper Company Fair value of the nets assets of Jasper Company: Accounts receivable $250,000 Land and machinery $400,000 Accounts payable $50,000 The journal entry in the books of Spur to record the acquisition will include a Debit to Discount on Bonds Payable of $10,000 Credit to Premium on Bonds Payable of $10,000 Debit to Premium on Bonds Payable of $10,000 Credit to Discount on Bonds Payable of $10,000 QUESTION 14 Spur Company issued bonds with a par value of $670,000 (and market value of $660,000) to acquire all net assets of Jasper Company Fair value of the net assets of Jasper Company: Accounts receivable $250,000 Land and machinery $400,000 Accounts payable $50,000 The joumal entry in the books of Spur to record the acquisition will include a Debit to Goodwill of $60,000 Debit to Goodwill of $70,000 Credit Bargain of $130,000 Credit to Goodwill of $130.000