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Question 21 3 pts 21. Plum Corporation issues $400,000 of 7 percent, five-year bonds on January 1, 20x5, and sells them on the same date
Question 21 3 pts 21. Plum Corporation issues $400,000 of 7 percent, five-year bonds on January 1, 20x5, and sells them on the same date for their face value. The bond indenture states that interest is to be paid on January 1 and July 1 of each year. The entry to record the issuance includes a. a credit to Cash. O b. a credit to Bonds Payable. c. a credit to Interest Expense. O d. All of these choices
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