The journal entry to record an $800,000 bond issuance that is sold at 95 would be: A)

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The journal entry to record an $800,000 bond issuance that is sold at 95 would be:

A) Cash $760,000 Accounts Payable $760,000

B) Cash $760,000 Discount on Bonds Payable $40,000 Bonds Payable $800,000

C) Cash $800,000 Discount on Bonds Payable $40,000 Bonds Payable $760,000

D) Cash $760,000 Bonds Payable $760,000

Related Book For answer-question

Financial Accounting

ISBN: 978-0134725987

12th edition

Authors: C. William Thomas, Wendy M. Tietz, Walter T. Harrison Jr.

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Posted Date: Aug 29, 2018 08:17 AM

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The journal entry to record an $800,000 bond issuance that is sold at 95 would be: A)

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Prepare the journal entry for to record an 800000 bond ... View the full answer

Financial Accounting

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