Question
What is the journal entry to record the issuance of $100,000 face amount of 10% bonds for $100,000 cash? A. Dr. Cash 100,000 Cr. Bonds
What is the journal entry to record the issuance of $100,000 face amount of 10% bonds for $100,000 cash?
A. Dr. Cash 100,000 Cr. Bonds Payable 100,000
B. Dr. Bonds Payable 100,000 Cr. Cash 100,000
C. Dr. Cash 100,000 Cr. Bonds Receivable 100,000
D. Dr. Bonds Receivable 100,000 Cr. Cash 100,000
E. None of the above
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EAuditing Fundamentals Virtual Communication And Remote Auditing
Authors: J.P. Russell, Shauna Wilson
1st Edition
0873898486, 978-0873898485
