Question: Bramble Corp. issues 1400, 10-year, 8%, $1000 bonds dated January 1, 2020, at 98. The journal entry to record the issuance will show a debit

Bramble Corp. issues 1400, 10-year, 8%, $1000 bonds dated January 1, 2020, at 98. The journal entry to record the issuance will show a debit to Cash of $1400000. credit to Bonds Payable for $1428000. debit to Cash for $1372000. credit to Discount on Bonds Payable for $28000.

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