Question: 3. SJ Corporation issues 800, 10-year, 8%, $1,000 bonds dated January 1, 2012, at 96. The journal entry to record the issuance will include: debit

3. SJ Corporation issues 800, 10-year, 8%, $1,000 bonds dated January 1, 2012, at 96. The journal entry to record the issuance will include:

debit to Cash of $800,000.
debit to Discount on Bonds Payable for $32,000.
credit to Bonds Payable for $768,000.
credit to Discount on Bonds for $32,000.
credit to Cash for $768,000.

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