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Swifty Corporation issues 3600, 10-year, 9%, 51000 bonds dated January 1, 2018 at 102. The journal entry to record the issuance will showa credit to

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Swifty Corporation issues 3600, 10-year, 9%, 51000 bonds dated January 1, 2018 at 102. The journal entry to record the issuance will showa credit to Bonds Payable for $3614400 debit to Cash of $3600000 credit to Premium on Bonds Payable for 572000. credit to Cash for $3672000 Save for Later

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