Business, 28.02.2020 20:07 jayyy1002

A company issues bonds with a $100,000 par value, an 8% annual contract rate, semiannual interest payments, and a five year life. The bonds sold for $107,850. The entry to record the issuance of the bonds will include. a. A credit to Premium on Bonds Payable of $7,850. b. A debit to Discount on Bonds Payable of $7,850 c. A credit to Cash of $100.000.d. A credit to Bonds Payable of $107850

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A company issues bonds with a $100,000 par value, an 8% annual contract rate, semiannual interest pa...

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