Corporation issues 2,000, 10-year, 8%, $1,000 bonds dated January 1, 2008, at 103. The journal entry to record?

the issuance will show a a.debit to Cash of $2,000,000 b. credit to Premium on Bonds Payable for $60,000 c. credit to Bonds Payable for $2,030,000 d. credit to Cash for $2,060,000

2 months ago - 1 answers