Question: Current Attempt in Progress Cullumber Company issues $260,000, 20-year, 9% bonds at 103. Prepare the journal entry to record the sale of these bonds

Current Attempt in Progress Cullumber Company issues $260,000, 20-year, 9% bonds at

Current Attempt in Progress Cullumber Company issues $260,000, 20-year, 9% bonds at 103. Prepare the journal entry to record the sale of these bonds on June 1, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation June 1 Cash Premium on Bonds Payable Bonds Payable Debit Credit

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