The Golden Company issues $539,000 of 7%, 10-year bonds at 104 on March 31, 2019. The...
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The Golden Company issues $539,000 of 7%, 10-year bonds at 104 on March 31, 2019. The bonds pay interest on March 31 and September 30. Assume that the company uses the straight-line method for amortization. The journal entry to record the issuance includes a OA. debit to Cash for $539,000 OB. debit to Premium on Bonds Payable for $21,560 OC. debit to Cash for $560,560 OD. credit to Bonds Payable for $560,560 The Golden Company issues $539,000 of 7%, 10-year bonds at 104 on March 31, 2019. The bonds pay interest on March 31 and September 30. Assume that the company uses the straight-line method for amortization. The journal entry to record the issuance includes a OA. debit to Cash for $539,000 OB. debit to Premium on Bonds Payable for $21,560 OC. debit to Cash for $560,560 OD. credit to Bonds Payable for $560,560
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