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Question 6 Not yet answered Points out of 3 On January 1, Martin Inc. Issued 10 year, $1,000,000, 7% bonds at 970,000. Interest is
Question 6 Not yet answered Points out of 3 On January 1, Martin Inc. Issued 10 year, $1,000,000, 7% bonds at 970,000. Interest is payable semiannually on June 30 and December 31. Martin's journal entry to record the issuance of the bonds is Flag question 12 Select one: O a. Cash 1,000,000 Bonds Payable Ob. Cash 1,000,000 970,000 Bonds Payable 970,000 Oc. Cash Discount on Bonds Payable 970,000 30,000 Bonds Payable 1,000,000 Od. Cash 1,000,000 Bonds Payable 970,000 Interest Revenue 30,000 Oe. None of these choices.
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