Question: Five thousand bonds with a face value of $2000 each, are sold at 90. The entry to record the issuance is 9000000 O Cash Premium

Five thousand bonds with a face value of $2000 each, are

Five thousand bonds with a face value of $2000 each, are sold at 90. The entry to record the issuance is 9000000 O Cash Premium on Bonds Payable Bonds Payable 1000000 10000000 Cash 9000000 Bonds Payable 9000000 10000000 Cash Discount on Bonds Payable Bonds Payable 1000000 9000000 9000000 Cash Discount on Bonds Payable Bonds Payable 1000000 10000000

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