The Freeman Corporation issues 2,000, 10 year, 8 , $1,000 bonds dated January 1 at 96 The journal entry to record the issuance will show a a credit to Bonds Payable for $1,920,000 b credit to Discount on Bonds Payable for $80,000 c debit to Cash for $1,920,000 d debit to Cash of $2,000,000

Question

The Freeman Corporation issues 2,000, 10 year, 8 , $1,000 bonds dated January 1 at 96  The journal entry to record the issuance will show a a  credit to Bonds Payable for $1,920,000 b  credit to Discount on Bonds Payable for $80,000 c  debit to Cash for $1,920,000 d  debit to Cash of $2,000,000

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Question

The Freeman Corporation issues 2,000, 10-year, 8%, $1,000 bonds dated January 1 at 96. The journal entry to record the issuance will show a a.

The Freeman Corporation issues 2,000, 10-year, 8%, $1,000 bonds dated January 1 at 96. The journal entry to record the issuance will show a a. credit to Bonds Payable for $1,920,000 b. credit to Discount on Bonds Payable for $80,000 c. debit to Cash for $1,920,000 d. debit to Cash of $2,000,000

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