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Yanik Corporation issues 5,000, 10-year, 8%, $1,000 bonds dated January 1, 2024, at 97. The journal entry to record the issuance will show a A)
Yanik Corporation issues 5,000, 10-year, 8%, $1,000 bonds dated January 1, 2024, at 97. The journal entry to record the issuance will show a A) Credit to Bonds Payable $4,850,000 B) Credit to Cash $4.850.000 C Debit to Cash $5,000,000 D) Debit to Discount on Bonds Payable $150,000
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