Multiple Choice
Four thousand bonds with a face value of $1,000 each, are sold at 102. The entry to record the issuance is
A) Cash 4,080,000 Bonds Payable 4,080,000
B) Cash 4,000,000 Premium on Bonds Payable 80,000
Bonds Payable 4,080,000
C) Cash 4,080,000 Premium on Bonds Payable 80,000
Bonds Payable 4,000,000
D) Cash 4,080,000 Discount on Bonds Payable 80,000
Bonds Payable 4,000,000
Correct Answer:
Verified
Correct Answer:
Verified
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