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Vaughn Corporation issues 2100, 10-year, 9%, $1000 bonds dated January 1, 2021, at 98. The journal entry to record the issuance will show a

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Vaughn Corporation issues 2100, 10-year, 9%, $1000 bonds dated January 1, 2021, at 98. The journal entry to record the issuance will show a o credit to Discount on Bonds Payable for $42000 credit to Bonds Payable for $2142000 debit to Cash-of $2100000 debit to Cash for $2058000

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