Pass the journal entries if Chandrakanta Co. purchased a machinery of 240000 from Sonpari Co. and issued
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Question:
Pass the journal entries if Chandrakanta Co. purchased a machinery of 240000 from Sonpari Co. and issued debenture of 100 each.
a. Issue at par
b. Issue at 10% discount
c. Issue at 10% premium
Related Book For
Intermediate Accounting Volume 2
ISBN: 9781119497042
12th Canadian Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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