Gomez Corporation issues 900, 10-year, 8%, $1,000 bonds dated January 1, 2017, at 96. The journal entry
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Question:
a. debit to Cash of $900,000.
b. credit to Discount on Bonds Payable for $36,000.
c. credit to Bonds Payable for $864,000.
d. debit to Cash for $864,000.
Related Book For
Financial Accounting Information for Decisions
ISBN: 978-1259533006
8th edition
Authors: John J. Wild
Posted Date: