Blue Spruce Corp. issues 6500, 10-year, 8%, $1000 bonds dated January 1, 2020, at 96....
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Accounting
Blue Spruce Corp. issues 6500, 10-year, 8%, $1000 bonds dated January 1, 2020, at 96. The journal entry to record the issuance will show a
A. credit to Bonds Payable for $6240000.
B. debit to Cash of $6500000.
C. credit to Cash for $6240000.
D. debit to Discount on Bonds Payable for $260000.
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