Question: A company issues bond at 98, with a maturity value of $50,000. The entry the company uses to record the original issue should include which

A company issues bond at 98, with a maturity value of $50,000. The entry the company uses to record the original issue should include which of the following?

- A debit to bond discount of $1000

- A credit to bonds payable of $49,000

- A credit to bond premium of $ 1000

- A debit to bonds payable of $ 50,000

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