Question: Solve both please D Question 14 4 pts On January 1, 2030, Cinco Corporation issued $5,700,000, 10-year, 10% bonds at 98. Interest is payable annually
Solve both please
D Question 14 4 pts On January 1, 2030, Cinco Corporation issued $5,700,000, 10-year, 10% bonds at 98. Interest is payable annually on January 1. What journal entry will Cinco Corporation record on January 1, 2030? DR: Cash $5,700,000 and Discount on Bonds Payable $114,000; CR: Bonds Payable $5,814,000 DR: Cash $5,700,000; CR: Bonds Payable $5,700,000 DR: Cash $5,814,000; CR: Discount on Bonds Payable $114,000 and Bonds Payable $5,700,000 DR: Cash $5,586,000; CR: Bonds Payable $5,586,000 DR: Cash $5,586,000 and Discount on Bonds Payable $114,000; CR: Bonds Payable $5,700,000 D Question 15 4 pts Bronson Corp. issues 1,500 shares of $10 par value common stock at $16 per share. When the transaction is recorded, credits are made to Common Stock $24,000 Common Stock $15,000 and Additional Paid-in Capital from Common Stock $9,000 Common Stock $15,000 and Retained Earnings $9,000 Common Stock $15,000 and Additional Paid-in Capital from Treasury Stock $9,000 Common Stock $15,000Step by Step Solution
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