Question: Remaining Time: 1 hour, 15 minutes, 16 seconds. Question Completion Status: L Moving to the next question prevents changes to this answer Question 2 of

 Remaining Time: 1 hour, 15 minutes, 16 seconds. Question Completion Status:

Remaining Time: 1 hour, 15 minutes, 16 seconds. Question Completion Status: L Moving to the next question prevents changes to this answer Question 2 of 15 Question 2 1 points Dubbin Ltd issues 53 million in 5-year, 8%, semi-annual coupon debentures. The rate of return required by the market is 6% per annum. What is the journal entry to record the issue of the debentures (rounded to the nearest dollar)? Dr Cash 3 255 906 Cr Debentures 3 255 906 2 744 094 Dr Cash Cr Debentures 2744 094 3 225 466 Dr Cash Cr Debentures 3 225 466 2775 534 Dr Cash Cr Debentures 2 775 534 11 AM Need 1 PINO E (hp)

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