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Your company sells $60,000 of 10-year bonds for an issuance price of $63,000. The journal entry to record this bond issuanice will include: Multiple Choice

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Your company sells $60,000 of 10-year bonds for an issuance price of $63,000. The journal entry to record this bond issuanice will include: Multiple Choice A credit to Premium on Bonds Payable of $3,000 A credit to Bonds Payable of $63.000 A debit to Discount on Bonds Payable of $3,000 A debit to Cash of $60,000

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