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Question 18 0.5 pts On October 1, 2020 Jordan Corporation issued 5%, 10-year bonds with a face value of $8,000,000 at 104. Interest is
Question 18 0.5 pts On October 1, 2020 Jordan Corporation issued 5%, 10-year bonds with a face value of $8,000,000 at 104. Interest is paid twice per year on October 1 and April 1. The entry to record the issuance of the bonds would include a: credit of $320,000 to Premium on Bonds Payable. debit of $320,000 to Discount on Bonds Payable. credit of $7,680,000 to Bonds Payable. credit of $200,000 to Interest Payable.
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