Question: Question 36 View Policies Current Attempt in Progress Flounder Corp. issues 4500, 10-year, 8%, $1000 bonds dated January 1, 2020, at 97. The journal entry

 Question 36 View Policies Current Attempt in Progress Flounder Corp. issues

Question 36 View Policies Current Attempt in Progress Flounder Corp. issues 4500, 10-year, 8%, $1000 bonds dated January 1, 2020, at 97. The journal entry to record the issuance will show credit to Cash for $4365000. credit to Bonds Payable for $4365000. debit to Cash of $4500000. debit to Discount on Bonds Payable for $135000 Save for Later Attempts: 0 of 1 used Submit

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