Question: Flounder Corp. issues 850, 10-year, 8%, $1000 bonds dated January 1, 2017, at 97. The journal entry to record the issuance will show a O

Flounder Corp. issues 850, 10-year, 8%, $1000 bonds dated January 1,

Flounder Corp. issues 850, 10-year, 8%, $1000 bonds dated January 1, 2017, at 97. The journal entry to record the issuance will show a O debit to Cash for $824500. O debit to Cash of $850000. o credit to Bonds Payable for $824500

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