The Golden Company issues $539,000 of 7%, 10-year bonds at 104 on March 31, 2019. The bonds pay interest on March 31 and September 30. Assume that the company uses the straight - line method for amortization. The journal entry to record the issuance includes a A. debit to Cash for $539,000 B. debit to Premium on Bonds Payable for $21, 560 C. debit to Cash for $560, 560 D. credit to Bonds Payable for S 560, 560

The Golden Company issues $539,000 of 7%, 10-year bonds at 104 on March 31, 2019. The bonds pay interest on March 31 and September 30. Assume that the company uses the straight - line method for amortization. The journal entry to record the issuance includes a A. debit to Cash for $539,000 B. debit to Premium on Bonds Payable for $21, 560 C. debit to Cash for $560, 560 D. credit to Bonds Payable for S 560, 560

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 14MC: Whirlie Inc. issued $300,000 face value, 10% paid annually, 10-year bonds for $319,251 when the...

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