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Question 15 Ayayai Corp. issues 6300, 10-year, 8%, $1000 bonds dated January 1, 2017, at 104. The journal entry to record the issuance will show

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Question 15 Ayayai Corp. issues 6300, 10-year, 8%, $1000 bonds dated January 1, 2017, at 104. The journal entry to record the issuance will show a credit to Cash for $6552000. debit to Cash of $6300000. debit to Premium on Bonds Payable for $252000. credit to Bonds Payable for $6300000

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