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Show Attempt History Current Attempt in Progress Your Answer Correct Answer (Used) ...

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Question

Accounting

Show Attempt History
Current Attempt in Progress
Your Answer
Correct Answer (Used)
On January 1, Blue Inc. issued $101960000,8% bonds at 104. The journal entry to record the issuance of the bonds will include
a credit to Bonds Payable for $106038400.
a credit to Premium on Bonds Payable for $4078400.
a debit to Cash for $101960000.
a credit to Interest Expense for $4078400.
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