Question
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.
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 Bonds Payable, credit Cash
c. debit Cash and Discount on Bonds Payable, credit Bonds Payable
d. debit Cash, credit Bonds Payable
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
4th Edition
978-0133251241, 9780133427516, 133251241, 013342751X, 978-0133255584
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