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  3. bonds with a face amount $1,000,000, are sold at 1

Bonds with a face amount $1,000,000, are sold at 109. The entry to record the...

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Accounting

Bonds with a face amount $1,000,000, are sold at 109. The entry to record the issuance is

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Debit: Cash 1,000,000 Debit: Premium on Bonds Payable 90,000 Credit: Bonds Payable 1,090,000

Debit Cash 1,090,000 Credit: Bonds Payable 1,090,000

Debit: Cash 1,060,000 Credit: Premium on Bonds Payable 60,000 Credit: Bonds Payable 1,000,000

Debit: Cash 1,090,000 Credit: Premium on Bonds Payable 90,000 Credit: Bonds Payable 1,000,000

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