Time left 1:13:16 Question 5 Not yet answered Marked out of 1.00 Flag question On January 31, 2020, Combinor Company issued $900,000 face amount of 9%, 10-year bonds due January 31, 2030, with a present value of $965,423 at a 8% yield, to Combinee Company for its net assets. The journal entry for the merger includes the following except: a. Credit to premium on bonds payable $65,423. O b. Credit to discount on bonds payable $65,423. O c. Debit to investment in combinee net assets $965,423. O d. Credit to bonds payable $900,000. Previous page Next page