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Home Q & A Board Other Fields Homework Help Business Accounting
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tivo tivo
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7 years ago
The journal entry to record $300,000 of bonds that were issued at 107 would be to:
A) debit Cash, $321,000; credit Bonds payable, $321,000.
B) debit Cash, $321,000; credit Bonds payable, $300,000; credit Premium on bonds payable, $21,000.
C) debit Cash, $300,000; credit Bonds payable, $300,000.
D) debit Cash, $300,000; debit Discount on bonds payable, $21,000; credit Bonds payable, $321,000.
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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largerthanlifelargerthanlife
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tivo Author
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#2
7 years ago
Thank you for helping me with my accounting homework, will ask again
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