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

The journal ehtry a company records for the issuance of bonds when the contract rate is less than the market rate would be 1. debir Cash, credit Bonds Payahle b. debit Cach, credit Prenium on Bonds Payble and Bonds Payable c. ebit Poeds Payabie, credit Cash d. debit Cash and Discount on Bonds Payable, erndit Bonds Payable