Pina Colada Corp. issues 920, 10-year, 8% $1000 bonds dated January 1. 2020 at 96. The...
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Pina Colada Corp. issues 920, 10-year, 8% $1000 bonds dated January 1. 2020 at 96. The journal entry torecord the issuance wilE show a O debit to Cash of $920000. O credit to Bonds Payable for $883200. O credit to Discount on Bonds Payable for $36800. O debit to Cash for $883200 Pina Colada Corp. issues 920, 10-year, 8% $1000 bonds dated January 1. 2020 at 96. The journal entry torecord the issuance wilE show a O debit to Cash of $920000. O credit to Bonds Payable for $883200. O credit to Discount on Bonds Payable for $36800. O debit to Cash for $883200
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