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Triple C Corporation issues 600 10-year, 8%, $1,000 bonds dated January 1, 2012 at 96. The bond discount recorded for this transaction would be a:
Triple C Corporation issues 600 10-year, 8%, $1,000 bonds dated January 1, 2012 at 96. The bond discount recorded for this transaction would be a: A) $0, there is no bond discount on this transaction. B) $24,000 debit to Discount on Bonds Payable C) $24,000 credit to Discount on Bonds Payable D) $48,000 debit to Discount on Bonds Payable
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