A corporation issued $1,000,000 of 11%, five-year bonds that pay semiannual interest of...
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A corporation issued
$1,000,000 of
11%, five-year bonds that pay semiannual interest of
$55,000, receiving cash of
$1,038,606. At issuance, the corporation should record: a debit to Bonds Payable of
$1,038,606.\ a credit to Bonds Payable of
$1,038,606.\ a credit to Bonds Payable of
$1,000,000.\ a credit to Cash of
$1,000,000.
A corporation issued $1,000,000 of 11%, five-year bonds that pay semiannual interest of $55,000, receiving cash of $1,038,606. At issuance, the corporation should record: a debit to Bonds Payable of $1,038,606. a credit to Bonds Payable of $1,038,606. a credit to Bonds Payable of $1,000,000. a credit to Cash of $1,000,000
A corporation issued
$1,000,000of
11%, five-year bonds that pay semiannual interest of
$55,000, receiving cash of
$1,038,606. At issuance, the corporation should record: a debit to Bonds Payable of
$1,038,606.\ a credit to Bonds Payable of
$1,038,606.\ a credit to Bonds Payable of
$1,000,000.\ a credit to Cash of
$1,000,000.
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