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Post Corporation issues 900, 10-year, 8%, $1,000 bonds dated January 1, 2020, at 96. The...

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Accounting

Post Corporation issues 900, 10-year, 8%, $1,000 bonds dated January 1, 2020, at 96. The journal entry to record the issuance will show a

Select one:

a. debit to Cash of $900,000.

b. credit to Discount on Bonds Payable for $36,000.

c. credit to Bonds Payable for $864,000.

d. debit to Cash for $864,000.

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