Question: Riverbed Corp issues 940, 10-year, 8%, $1000 bonds dated January 1, 2017, at 96. The journal entry to record the issuance will show a debit

Riverbed Corp issues 940, 10-year, 8%, $1000 bonds dated January 1, 2017, at 96. The journal entry to record the issuance will show a

debit to Cash for $902400.

credit to Bonds Payable for $902400.

debit to Cash of $940000.

credit to Discount on Bonds Payable for $37600.

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