Question: Flounder Corp. issues 4500, 10-year, 8%, $1000 bonds dated January 1, 2020, at 103. The journal entry to record the issuance will show a

Flounder Corp. issues 4500, 10-year, 8%, $1000 bonds dated January 1, 2020,

Flounder Corp. issues 4500, 10-year, 8%, $1000 bonds dated January 1, 2020, at 103. The journal entry to record the issuance will show a debit to Cash of $4500000. debit to Premium on Bonds Payable for $135000. credit to Cash for $4635000. credit to Bonds Payable for $4500000

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