Question: ABC issues a bond when the market rate is less than the coupon rate for the bond. What is the entry to record the issuance?

ABC issues a bond when the market rate is less than the coupon rate for the bond. What is the entry to record the issuance? Debit Cash Debit Bond Premium Credit Bonds Payable Debit Cash Debit Bond Discount Credit Bonds Payable Debit Cash Credit Bonds Payable Debit Cash Credit Bond Premium Credit Bonds Payable

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