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The Price Corporation issues 1,000, 10-year, 8%, $1,000 bonds dated January 1, 2016, at 92. The journal entry to record the issuance will show a
The Price Corporation issues 1,000, 10-year, 8%, $1,000 bonds dated January 1, 2016, at 92. The journal entry to record the issuance will show a
credit to Discount on Bonds Payable for $80,000.
debit to Cash of $1,000,000.
credit to Bonds Payable for $1,000,000.
credit to Cash for $920,000.
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