Question
Yanik Corporation issues 5,000, 10-year, 8%, $1,000 bonds dated January 1, 2020, at 97. The journal entry to record the issuance will show a A.debit
Yanik Corporation issues 5,000, 10-year, 8%, $1,000 bonds dated January 1, 2020, at 97. The journal entry to record the issuance will show a
A.debit to Discount on Bonds Payable for $150,000.
B.credit to Cash for $4,850,000.
C.debit to Cash of $5,000,000.
D.credit to Bonds Payable for $4,850,000.
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Financial Accounting for Decision Makers
Authors: Peter Atrill, Eddie McLaney
6th Edition
273763451, 273763458, 978-0273763451
