Question
When the market rate of interest was 10%, Gloria Corporations $100,000, 8%, 4-year bonds was sold for $93,537. The journal entry to record the bond
When the market rate of interest was 10%, Gloria Corporations $100,000, 8%, 4-year bonds was sold for $93,537. The journal entry to record the bond issuance includes:
Debit cash $100,000
Debit to discount on bonds payable $6,463
Credit to premium on bonds payable $6,463
All above
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Management And Cost Accounting
Authors: Colin Drury
5th Edition
1861525362, 978-1861525369
