Question: Use the information provided below to answer the following question (same for set of 3 questions). Golden Corporation issued $350,000 bonds payable with a 4%

 Use the information provided below to answer the following question (same

Use the information provided below to answer the following question (same for set of 3 questions). Golden Corporation issued $350,000 bonds payable with a 4% interest rate at a price of 93. to yield 5.2%. The bonds were dated and sold on December 31, 20 times 1 and come due on January 1. 20 times 9 and interest payment dates will be July 1 and January 1 each year. The journal entry to record the issue of the bonds included a: Debit to Bonds Payable. $350,000. Debit to Discount on Bonds Payable. $24, 500. Credit to Cash. $325, 500. Credit to Bonds Payable. $325, 500. a and c are both correct

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