The Hayden Corporation issues 1,000, 10-year, 8%, $2,000 bonds dated January 1 at 92. The journal entry to record the issuance will show a Select one: a. credit to Discount on Bonds Payable for $160,000 b. debit to Cash of $2,000,000 c. credit to Bonds Payable for $2,000,000 d. credit to Cash for $1,840,000

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 17MC: Huang Inc. issued 100 bonds with a face value of $1,000 and a 5-year term at $960 each. The journal...
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The Hayden Corporation issues 1,000, 10-year, 8%, $2,000 bonds dated January 1 at 92. The journal entry to record the issuance will show a
Select one:
a. credit to Discount on Bonds Payable for $160,000
b. debit to Cash of $2,000,000
c. credit to Bonds Payable for $2,000,000
d. credit to Cash for $1,840,000 
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