The journal entry a company records for the issuance of bonds when the contract rate and the market rate are the same is to a. debit Cash, credit Premium on Bonds Payable and Bonds Payable b. debit Cash and Discount on Bonds Payable, credit Bonds Payable c. debit Bonds Payable, credit Cash d. debit Cash, credit Bonds Payable Q PRE et 4 R 0 f6 96 5 a W +D fa 90 144 no pil * 8 9 144 Previous Next 75 12/3