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On January 1, Gasperson Inc. issued $100,000,000, 7% bonds at 102. The journal entry to...

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Accounting

On January 1, Gasperson Inc. issued $100,000,000, 7% bonds at 102. The journal entry to record the issuance of the bonds will include the answer is a credit to Premium on Bonds Payable for $2,000,000. but how do you get that?

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