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The journal entry a company makes for the issuance of bonds when the contract rate is greater than the market rate would be a .
The journal entry a company makes for the issuance of bonds when the contract rate is greater than the market rate would be a debit Cash and Discount on Bonds Payable, credit Bonds Payable b debit Cash, credit Premium on Bonds Payable and Bonds Payable c debit Cash, credit Bonds Payable d debit Bonds Payable, credit Cash
The journal entry a company makes for the issuance of bonds when the contract rate is greater than the market rate would be
a debit Cash and Discount on Bonds Payable, credit Bonds Payable
b debit Cash, credit Premium on Bonds Payable and Bonds Payable
c debit Cash, credit Bonds Payable
d debit Bonds Payable, credit Cash
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