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Bond Corporation Issues 5000 10-Year 8% $1000 Bonds Dated January

Question 93

Multiple Choice

Bond Corporation issues 5000 10-year 8% $1000 bonds dated January 1 2017 at 103. The journal entry to record the issuance will show a


A) debit to Cash of $5000000.
B) credit to Premium on Bonds Payable for $150000.
C) credit to Bonds Payable for $5030000.
D) credit to Cash for $5150000.

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