Green Co. issued $400,000 of 12%, 10 year bonds on January 1 at 98. Interest is payable semiannually on July 1 and January 1. What would be included in the journal entry on the issue date? Group of answer choices Debit Cash $400,000 Credit Bonds Payable S392, 000 Debit Discount on Bonds Payable $8, 000 Debit Bonds Payable S400,000

Green Co. issued $400,000 of 12%, 10 year bonds on January 1 at 98. Interest is payable semiannually on July 1 and January 1. What would be included in the journal entry on the issue date? Group of answer choices Debit Cash $400,000 Credit Bonds Payable S392, 000 Debit Discount on Bonds Payable $8, 000 Debit Bonds Payable S400,000

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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