On January 1, Year 1, Dixon Company issued 10-year, 8% bonds with a $50,000 face...

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Accounting

On January 1, Year 1, Dixon Company issued 10-year, 8% bonds with a $50,000 face value at 104. Recognizing the bond issue, causes the Bonds Payable account to increase by Blank______.
Multiple choice question.
$48,000
$50,000
$2,000
$52,000

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