Current Attempt in Progress 4800 bonds with a face value of $1000 each, are sold at 95. The entry to record the issuance is O O Cash O Premium on Bonds Payable Bonds Payable Cash Bonds Payable Cash Discount on Bonds Payable Bonds Payable Cash Discount on Bonds Payable Bonds Payable 4560000 4560000 4530000 240000 4800000 240000 4800000 4560000 4800000 240000 4560000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A1o

Current Attempt in Progress
4800 bonds with a face value of $1000 each, are sold at 95. The entry to record the issuance is
O
O
Cash
Premium on Bonds Payable
Bonds Payable
Cash
Bonds Payable
Cash
Discount on Bonds Payable
Bonds Payable
Cash
Discount on Bonds Payable
Bonds Payable
4560000
4560000
4580000
240000
4800000
240000
4800000
4560000
4800000
240000
4560000
Transcribed Image Text:Current Attempt in Progress 4800 bonds with a face value of $1000 each, are sold at 95. The entry to record the issuance is O O Cash Premium on Bonds Payable Bonds Payable Cash Bonds Payable Cash Discount on Bonds Payable Bonds Payable Cash Discount on Bonds Payable Bonds Payable 4560000 4560000 4580000 240000 4800000 240000 4800000 4560000 4800000 240000 4560000
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