Huang Inc. issued 100 bonds with a face value of $1,000 and a 5-year term at $960
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Huang Inc. issued 100 bonds with a face value of $1,000 and a 5-year term at $960 each. The journal entry to record this transaction includes ________.
A. A debit to Bonds Payable for $100,000
B. A debit to Discount on Bonds Payable for $4,000
C. A credit to cash for $96,000
D. A credit to Discount on Bonds Payable for $4,000
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Related Book For
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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