ABC Company issued bands with a face amount of $1,000,000 and received $1,000,000 cash. Prepare the journal entry to record the issuance of these is bonds.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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ABC Company issued bonds with a face
amount of $1,000,000 and received
$1,000,000 cash. Prepare the journal
entry to record the issuance of these is.
bonds.
ABC Company issued bonds with a
face amount of $1,000,000 and
received $900,000 in cash. Prepare
the Journal entry to record the
issuence of these bands.
ABC Company issued bonds with a face amount
of $1,000,000 and received $1,200,000 in cash.
Prepare the journal entry to record the
issuance of these bonds.
Transcribed Image Text:ABC Company issued bonds with a face amount of $1,000,000 and received $1,000,000 cash. Prepare the journal entry to record the issuance of these is. bonds. ABC Company issued bonds with a face amount of $1,000,000 and received $900,000 in cash. Prepare the Journal entry to record the issuence of these bands. ABC Company issued bonds with a face amount of $1,000,000 and received $1,200,000 in cash. Prepare the journal entry to record the issuance of these bonds.
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