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Your company sells $55,000 of one-year, 10% bonds for an issue price of $46,500. The journal entry to record this transaction will include a credit
Your company sells $55,000 of one-year, 10% bonds for an issue price of $46,500. The journal entry to record this transaction will include a credit to Bonds Payable in the amount of: |
$46,500.
$55,000.
$52,000.
$60,500.
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