Question: Oriole Corporation issues 2 4 0 0 , 1 0 - year, 6 % , $ 1 0 0 0 bonds dated January 1 ,

Oriole Corporation issues 2400,10-year, 6%, $1000 bonds dated January 1,2021, at 98. The journal entry to record the issuance will show a
credit to Bonds Payable for $2448000.
credit to Discount on Bonds Payable for $48000.
debit to Cash for $2352000.
debit to Cash of $2400000.
Oriole Corporation issues 2 4 0 0 , 1 0 - year, 6

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